Electrocomponents plc Stock Rating Reaffirmed by Numis Securities Ltd (ECM)
Electrocomponents plc (LON:ECM)‘s stock had its “add” rating reaffirmed by research analysts at Numis Securities Ltd in a report released on Friday. They currently have a GBX 315 ($5.30) price objective on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 12.26% from the stock’s previous close.
Electrocomponents plc (LON:ECM) opened at 281.40 on Friday. Electrocomponents plc has a 52-week low of GBX 232.90 and a 52-week high of GBX 371.00. The stock’s 50-day moving average is GBX 288. and its 200-day moving average is GBX 278.. The company’s market cap is £1.234 billion.
The company also recently announced a dividend, which is scheduled for Tuesday, July 29th. Investors of record on Wednesday, June 25th will be paid a dividend of GBX 6.75 ($0.11) per share. This represents a dividend yield of 2.41%. The ex-dividend date is Wednesday, June 25th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Electrocomponents plc in a research note on Friday. They now have a GBX 250 ($4.21) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Electrocomponents plc in a research note on Thursday. They now have a GBX 356 ($5.99) price target on the stock. Finally, analysts at N+1 Singer reiterated a “sell” rating on shares of Electrocomponents plc in a research note on Thursday. They now have a GBX 255 ($4.29) price target on the stock. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 373.43 ($6.28).
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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