Electrocomponents plc Given “Underperform” Rating at Credit Suisse (ECM)
Electrocomponents plc (LON:ECM)‘s stock had its “underperform” rating restated by stock analysts at Credit Suisse in a report issued on Monday. They currently have a GBX 260 ($4.43) target price on the stock. Credit Suisse’s target price points to a potential downside of 0.80% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Electrocomponents plc in a research note on Thursday, May 29th. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Electrocomponents plc in a research note on Friday, May 23rd. They now have a GBX 315 ($5.37) price target on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Electrocomponents plc in a research note on Friday, May 23rd. They now have a GBX 250 ($4.26) price target on the stock. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 278.77 ($4.75).
Shares of Electrocomponents plc (LON:ECM) opened at 264.70 on Monday. Electrocomponents plc has a 1-year low of GBX 237.60 and a 1-year high of GBX 371.00. The stock’s 50-day moving average is GBX 280. and its 200-day moving average is GBX 275.9. The company’s market cap is £1.163 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.
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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