Electrocomponents Rating Reiterated by Canaccord Genuity (ECM)
Electrocomponents (LON:ECM)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity in a report released on Tuesday, ARN reports. They currently have a GBX 356 ($5.85) price target on the stock. Canaccord Genuity’s target price would indicate a potential upside of 41.05% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at N+1 Singer reiterated a “sell” rating on shares of Electrocomponents in a research note to investors on Tuesday. They now have a GBX 255 ($4.19) price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Electrocomponents from GBX 260 ($4.27) to GBX 280 ($4.60) in a research note to investors on Thursday, January 30th. They now have a “sector performer” rating on the stock. Four 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 stock. The company has an average rating of “Hold” and a consensus target price of GBX 272.43 ($4.48).
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.