Electrocomponents Receives “Buy” Rating from Cantor Fitzgerald Europe (ECM)
Electrocomponents (LON:ECM)‘s stock had its “buy” rating reiterated by investment analysts at Cantor Fitzgerald Europe in a note issued to investors on Monday, ARN reports. They currently have a GBX 330 ($5.42) price target on the stock. Cantor Fitzgerald Europe’s price target suggests a potential upside of 15.83% from the company’s current price.
Other equities research analysts have also recently issued reports about 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 analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Electrocomponents presently has an average rating of “Hold” and a consensus price target of GBX 272.23 ($4.47).
Shares of Electrocomponents (LON:ECM) traded up 0.56% during mid-day trading on Monday, hitting GBX 284.90. The stock had a trading volume of 286,931 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 277.1 and its 200-day moving average is GBX 273.. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.