Electrocomponents plc Price Target Cut to GBX 220 (ECM)
Analysts at Credit Suisse cut their target price on shares of Electrocomponents plc (LON:ECM) from GBX 260 ($4.44) to GBX 220 ($3.76) in a research report issued to clients and investors on Friday. The firm currently has an “underperform” rating on the stock. Credit Suisse’s price objective indicates a potential downside of 6.30% from the company’s current price.
ECM has been the subject of a number of other recent research reports. Analysts at Westhouse Securities reiterated an “add” rating on shares of Electrocomponents plc in a research note on Friday. They now have a GBX 315 ($5.38) price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Electrocomponents plc from GBX 290 ($4.96) to GBX 265 ($4.53) in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Electrocomponents plc from GBX 250 ($4.27) to GBX 230 ($3.93) in a research note on Friday. They now have a “hold” rating on the stock. Five analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 275.58 ($4.71).
Electrocomponents plc (LON:ECM) opened at 234.80 on Friday. Electrocomponents plc has a 52 week low of GBX 234.49 and a 52 week high of GBX 371.00. The stock has a 50-day moving average of GBX 263.0 and a 200-day moving average of GBX 273.. The company’s market cap is £1.032 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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