Electrocomponents plc Receives Consensus Rating of “Hold” from Brokerages (LON:ECM)
Shares of Electrocomponents plc (LON:ECM) have received a consensus recommendation of “Hold” from the fourteen analysts that are covering the stock, StockRatingsNetwork reports. Five investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 279.50 ($4.79).
ECM has been the subject of a number of recent research reports. Analysts at RBC Capital reiterated a “sector performer” rating on shares of Electrocomponents plc in a research note on Tuesday, July 8th. They now have a GBX 270 ($4.62) price target on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Electrocomponents plc in a research note on Monday, June 30th. They now have a GBX 260 ($4.45) price target on the stock. Finally, analysts at Credit Suisse downgraded shares of Electrocomponents plc to an “underperform” rating in a research note on Wednesday, June 4th. They now have a GBX 260 ($4.45) price target on the stock, down previously from GBX 275 ($4.71).
Electrocomponents plc (LON:ECM) opened at 254.60 on Friday. Electrocomponents plc has a one year low of GBX 243.80 and a one year high of GBX 371.00. The stock’s 50-day moving average is GBX 270.5 and its 200-day moving average is GBX 275.1. The company’s market cap is £1.119 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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