Numis Securities Ltd downgraded shares of Electrocomponents plc (LON:ECM) to an add rating in a research report released on Thursday. The brokerage currently has GBX 350 ($4.57) price target on the stock, up from their previous price target of GBX 315 ($4.11).
A number of other equities research analysts also recently weighed in on ECM. Peel Hunt restated a hold rating and issued a GBX 250 ($3.26) price target on shares of Electrocomponents plc in a research note on Thursday, May 19th. Shore Capital reiterated a sell rating on shares of Electrocomponents plc in a research report on Thursday, May 19th. Jefferies Group lifted their target price on shares of Electrocomponents plc from GBX 195 ($2.55) to GBX 270 ($3.52) and gave the stock a hold rating in a research report on Friday, May 20th. Royal Bank Of Canada upgraded shares of Electrocomponents plc to a sector performer rating and lifted their target price for the stock from GBX 185 ($2.41) to GBX 270 ($3.52) in a research report on Thursday, May 26th. Finally, Barclays PLC upgraded shares of Electrocomponents plc to an equal weight rating and lifted their target price for the stock from GBX 212 ($2.77) to GBX 289 ($3.77) in a research report on Monday, June 13th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 264 ($3.45).
Shares of Electrocomponents plc (LON:ECM) opened at 343.20 on Thursday. The company’s market cap is GBX 1.51 billion. Electrocomponents plc has a 12 month low of GBX 167.55 and a 12 month high of GBX 356.80. The stock’s 50 day moving average is GBX 306.81 and its 200 day moving average is GBX 275.62.
In other news, insider Guerra,Karen acquired 8,500 shares of the business’s stock in a transaction on Friday, July 29th. The shares were purchased at an average cost of GBX 293 ($3.82) per share, with a total value of £24,905 ($32,508.81). Also, insider Ruth,Lindsley acquired 20,000 shares of the business’s stock in a transaction on Friday, June 24th. The shares were purchased at an average cost of GBX 266 ($3.47) per share, for a total transaction of £53,200 ($69,442.63).
About Electrocomponents plc
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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