Electrocomponents Given “Buy” Rating at Cantor Fitzgerald Europe (ECM)
Electrocomponents (LON:ECM)‘s stock had its “buy” rating reiterated by research analysts at Cantor Fitzgerald Europe in a report released on Monday, ARN reports. They currently have a GBX 330 ($5.42) target price on the stock. Cantor Fitzgerald Europe’s target price indicates a potential upside of 16.48% from the stock’s previous close.
Shares of Electrocomponents (LON:ECM) traded up 0.56% during mid-day trading on Monday, hitting GBX 284.90. 237,784 shares of the company’s stock traded hands. Electrocomponents has a one year low of GBX 227.00 and a one year high of GBX 304.20. The stock has a 50-day moving average of GBX 277.8 and a 200-day moving average of GBX 273.2. The company’s market cap is £1.250 billion.
Several other analysts have also recently commented on the stock. 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 equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. Electrocomponents currently has an average rating of “Hold” and a consensus price target of GBX 272.23 ($4.47).
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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