Electrocomponents’s Buy Rating Reaffirmed at Cantor Fitzgerald Europe (ECM)
Electrocomponents (LON:ECM)‘s stock had its “buy” rating restated by investment analysts at Cantor Fitzgerald Europe in a note issued to investors on Monday, American Banking & Market News reports. They currently have a GBX 330 ($5.42) price target on the stock. Cantor Fitzgerald Europe’s price objective suggests a potential upside of 15.83% from the stock’s previous close.
Electrocomponents (LON:ECM) traded up 0.56% on Monday, hitting GBX 284.90. 286,931 shares of the company’s stock traded hands. Electrocomponents has a 52 week low of GBX 227.00 and a 52 week high of GBX 304.20. The stock has a 50-day moving average of GBX 277.1 and a 200-day moving average of GBX 273.. The company’s market cap is £1.250 billion.
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 given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price 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.
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.