Jefferies Group Increases Electrocomponents plc (ECM) Price Target to GBX 430
Electrocomponents plc (LON:ECM) had its price target lifted by equities researchers at Jefferies Group from GBX 270 ($3.37) to GBX 430 ($5.37) in a research report issued on Tuesday. The brokerage currently has a “hold” rating on the stock. Jefferies Group’s price objective would suggest a potential downside of 2.74% from the stock’s current price.
A number of other brokerages have also weighed in on ECM. Royal Bank Of Canada raised their price objective on Electrocomponents plc from GBX 280 ($3.50) to GBX 350 ($4.37) and gave the company a “sector perform” rating in a research report on Thursday, October 13th. Shore Capital reiterated a “sell” rating on shares of Electrocomponents plc in a research report on Friday, November 18th. Peel Hunt upgraded Electrocomponents plc to an “add” rating and lifted their price target for the stock from GBX 350 ($4.37) to GBX 420 ($5.25) in a research report on Friday, November 18th. Numis Securities Ltd lifted their price target on Electrocomponents plc from GBX 350 ($4.37) to GBX 420 ($5.25) and gave the stock an “add” rating in a research report on Friday, November 18th. Finally, HSBC upgraded Electrocomponents plc to a “buy” rating and lifted their price target for the stock from GBX 240 ($3.00) to GBX 430 ($5.37) in a research report on Wednesday, November 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Electrocomponents plc currently has a consensus rating of “Hold” and an average target price of GBX 376.75 ($4.71).
Electrocomponents plc (LON:ECM) opened at 444.32 on Tuesday. The company’s market cap is GBX 1.96 billion. The stock has a 50 day moving average price of GBX 375.39 and a 200 day moving average price of GBX 312.14. Electrocomponents plc has a 12 month low of GBX 200.70 and a 12 month high of GBX 476.70.
The business also recently declared a dividend, which will be paid on Wednesday, January 11th. Stockholders of record on Thursday, December 1st will be paid a dividend of GBX 5 ($0.06) per share. This represents a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, December 1st.
Electrocomponents plc Company Profile
Electrocomponents plc is a service distributor. The Company’s segments include Northern Europe, Southern Europe, Central Europe, Asia Pacific (APAC) and Emerging Markets, and North America. Its Northern Europe’s hub is the United Kingdom, with associated local markets in Denmark, Norway, Sweden and Republic of Ireland.
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