Cantor Fitzgerald Europe Reiterates Buy Rating for Electrocomponents (ECM)
Electrocomponents (LON:ECM)‘s stock had its “buy” rating reaffirmed by research analysts at Cantor Fitzgerald Europe in a report released on Monday, AnalystRatings.NET reports. They currently have a GBX 330 ($5.42) target price on the stock. Cantor Fitzgerald Europe’s price target would indicate a potential upside of 16.48% from the company’s current price.
A number of other analysts have also recently weighed in on ECM. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Electrocomponents in a research note to investors on Tuesday, December 17th. They now have a GBX 275 ($4.51) price target on the stock. Separately, analysts at Deutsche Bank downgraded shares of Electrocomponents to a “hold” rating in a research note to investors on Wednesday, November 20th. They now have a GBX 310 ($5.09) price target on the stock, up previously from GBX 285 ($4.68). Finally, analysts at Numis Securities Ltd raised their price target on shares of Electrocomponents from GBX 260 ($4.27) to GBX 315 ($5.17) in a research note to investors on Friday, November 15th. They now have a “hold” rating on the stock. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 272.23 ($4.47).
Shares of Electrocomponents (LON:ECM) traded up 0.56% on Monday, hitting GBX 284.90. The stock had a trading volume of 237,784 shares. Electrocomponents has a 52 week low of GBX 227.00 and a 52 week high of GBX 304.20. The stock’s 50-day moving average is GBX 277.8 and its 200-day moving average is GBX 273.2. The company’s market cap is £1.250 billion.
Electrocomponents plc is engaged in the distribution of electronics and maintenance products. The Company also distributes electrical, industrial and commercial supplies and services to engineers worldwide, through its 32 operating companies and its distributors.
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