Citigroup Inc. upgraded shares of Electrocomponents plc (LON:ECM) to a neutral rating in a research note released on Wednesday morning. Citigroup Inc. currently has GBX 375 ($4.64) price objective on the stock, up from their prior price objective of GBX 185 ($2.29).
Several other research firms have also recently commented on ECM. Credit Suisse Group AG upped their target price on shares of Electrocomponents plc from GBX 250 ($3.09) to GBX 300 ($3.71) and gave the stock an underperform rating in a research report on Tuesday, September 20th. Peel Hunt upped their target price on shares of Electrocomponents plc from GBX 260 ($3.22) to GBX 315 ($3.90) and gave the stock a hold rating in a research report on Thursday, September 15th. Numis Securities Ltd cut shares of Electrocomponents plc to an add rating and upped their target price for the stock from GBX 315 ($3.90) to GBX 350 ($4.33) in a research report on Thursday, September 15th. Finally, Shore Capital restated a sell rating on shares of Electrocomponents plc in a research report on Tuesday, June 14th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Electrocomponents plc has a consensus rating of Hold and a consensus price target of GBX 293.40 ($3.63).
Electrocomponents plc (LON:ECM) opened at 366.00 on Wednesday. Electrocomponents plc has a one year low of GBX 187.30 and a one year high of GBX 381.00. The stock’s market capitalization is GBX 1.61 billion. The stock has a 50 day moving average price of GBX 330.44 and a 200-day moving average price of GBX 287.75.
In other Electrocomponents plc news, insider Guerra,Karen bought 8,500 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was acquired at an average cost of GBX 293 ($3.63) per share, with a total value of £24,905 ($30,823.02).
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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