Eleco (LON:ELCO) Trading Up 16.1% – Here’s What Happened

Eleco Plc (LON:ELCO) shares were up 16.1% on Thursday . The company traded as high as GBX 133.50 and last traded at GBX 133.50. Approximately 268,517 shares traded hands during mid-day trading, an increase of 46% from the average daily volume of 183,825 shares. The stock had previously closed at GBX 115.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 205 price objective on shares of Eleco in a research report on Thursday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 205.

Eleco Stock Up 16.1%

The company’s fifty day moving average price is GBX 121.96 and its 200-day moving average price is GBX 126.40. The stock has a market cap of £111.45 million, a P/E ratio of 83.44 and a beta of 0.72. The company has a debt-to-equity ratio of 3.78, a quick ratio of 1.23 and a current ratio of 1.00.

Eleco (LON:ELCO) last released its earnings results on Tuesday, April 28th. The company reported GBX 6.30 EPS for the quarter. Eleco had a return on equity of 4.16% and a net margin of 3.39%.The firm had revenue of GBX 3,882 million for the quarter. Equities analysts forecast that Eleco Plc will post 6 EPS for the current year.

Eleco Company Profile