Electrocomponents Now Covered by Analysts at N+1 Singer (ECM)
Equities researchers at N+1 Singer assumed coverage on shares of Electrocomponents (LON:ECM) in a research report issued on Tuesday, Stock Ratings Network.com reports. The firm set a “sell” rating and a GBX 255 ($4.19) price target on the stock. N+1 Singer’s price target points to a potential downside of 10.49% from the stock’s previous close.
Shares of Electrocomponents (LON:ECM) traded down 1.58% during mid-day trading on Tuesday, hitting GBX 280.40. 177,100 shares of the company’s stock traded hands. Electrocomponents has a 1-year low of GBX 227.00 and a 1-year 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 £1.230 billion.
A number of other firms have also recently commented on ECM. Analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Electrocomponents in a research note to investors on Monday. They now have a GBX 330 ($5.42) price target on the stock. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 271 ($4.45).
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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