Electrocomponents Given “Neutral” Rating at Credit Suisse (ECM)
Electrocomponents (LON:ECM)‘s stock had its “neutral” rating restated by investment analysts at Credit Suisse in a note issued to investors on Friday, Analyst Ratings Network reports. They currently have a GBX 275 ($4.61) target price on the stock. Credit Suisse’s price objective would indicate a potential upside of 3.66% from the company’s current price.
A number of other analysts have also recently weighed in on ECM. Analysts at RBC Capital cut their price target on shares of Electrocomponents from GBX 280 ($4.69) to GBX 260 ($4.36) in a research note on Wednesday, February 5th. They now have a “neutral” rating on the stock. Separately, analysts at Numis Securities Ltd upgraded shares of Electrocomponents to an “add” rating in a research note on Wednesday, February 5th. They now have a GBX 315 ($5.28) price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Electrocomponents from GBX 310 ($5.20) to GBX 290 ($4.86) in a research note on Wednesday, February 5th. They now have a “hold” rating on the stock. Four 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. Electrocomponents has an average rating of “Hold” and an average price target of GBX 269.57 ($4.52).
Shares of Electrocomponents (LON:ECM) traded up 0.64% on Friday, hitting GBX 265.30. 453,415 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 271.4 and a 200-day moving average of GBX 276.0. The company’s market cap is £1.164 billion.
Electrocomponents plc is a service distributor of electronics and maintenance products. The Company’s products include electronics, automation and control, test and measurement, electrical and support.
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