Westhouse Securities Reiterates “Add” Rating for Electrocomponents plc (ECM)
Electrocomponents plc (LON:ECM)‘s stock had its “add” rating restated by analysts at Westhouse Securities in a research report issued to clients and investors on Friday. They currently have a GBX 315 ($5.38) target price on the stock. Westhouse Securities’ target price indicates a potential upside of 34.16% from the company’s current price.
ECM has been the subject of a number of other recent research reports. 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. Separately, 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. 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 ($4.36) price target on the stock. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 275.58 ($4.71).
Electrocomponents plc (LON:ECM) opened at 234.80 on Friday. Electrocomponents plc has a 1-year low of GBX 234.49 and a 1-year 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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