Electrocomponents (ECM) Raised to “Buy” at Jefferies Financial Group
Jefferies Financial Group upgraded shares of Electrocomponents (LON:ECM) to a buy rating in a research report released on Tuesday. The brokerage currently has GBX 700 ($9.15) price target on the stock, down from their previous price target of GBX 740 ($9.67).
Several other equities analysts have also weighed in on ECM. UBS Group reiterated a neutral rating on shares of Electrocomponents in a report on Friday, September 28th. Peel Hunt reiterated a hold rating on shares of Electrocomponents in a report on Thursday, October 4th. Numis Securities reiterated a buy rating on shares of Electrocomponents in a report on Thursday, October 4th. Shore Capital reiterated a sell rating on shares of Electrocomponents in a report on Thursday, October 4th. Finally, Liberum Capital reiterated a buy rating and issued a GBX 780 ($10.19) target price on shares of Electrocomponents in a report on Thursday, October 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Electrocomponents has a consensus rating of Hold and a consensus target price of GBX 765 ($10.00).
Shares of LON ECM opened at GBX 534.80 ($6.99) on Tuesday. Electrocomponents has a 12-month low of GBX 467.90 ($6.11) and a 12-month high of GBX 713.05 ($9.32).
The business also recently disclosed a dividend, which was paid on Wednesday, January 9th. Stockholders of record on Thursday, November 29th were issued a GBX 5.30 ($0.07) dividend. The ex-dividend date was Thursday, November 29th. This represents a dividend yield of 0.93%.
In related news, insider Karen Guerra acquired 20,000 shares of the firm’s stock in a transaction dated Monday, December 10th. The shares were purchased at an average cost of GBX 501 ($6.55) per share, for a total transaction of £100,200 ($130,929.05). Also, insider Lindsley Ruth acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The stock was bought at an average price of GBX 561 ($7.33) per share, for a total transaction of £56,100 ($73,304.59).
Electrocomponents plc, together with its subsidiaries, distributes various electronics and industrial products in Northern Europe, Southern Europe, Central Europe, the Asia Pacific, and the Americas. The company distributes semiconductor products, including microcontrollers, voltage regulators, transistors, and diodes; and interconnectors, passives, and electromechanical components, such as resistors, switches, and heavy-duty connectors for industrial applications and power supplies.
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