Electrocomponents plc Given Consensus Recommendation of “Hold” by Analysts (LON:ECM)
Shares of Electrocomponents plc (LON:ECM) have been given a consensus recommendation of “Hold” by the fourteen analysts that are covering the company, Analyst RN reports. Five equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 274.75 ($4.59).
Electrocomponents plc (LON:ECM) traded up 0.17% on Friday, hitting GBX 240.20. 259,634 shares of the company’s stock traded hands. Electrocomponents plc has a one year low of GBX 228.70 and a one year high of GBX 371.00. The stock has a 50-day moving average of GBX 246.3 and a 200-day moving average of GBX 268.. The company’s market cap is £1.055 billion.
Several analysts have recently commented on the stock. Analysts at RBC Capital cut their price target on shares of Electrocomponents plc from GBX 270 ($4.51) to GBX 260 ($4.35) in a research note on Tuesday, July 29th. They now have a “neutral” rating on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Electrocomponents plc in a research note on Friday, July 25th. They now have a GBX 315 ($5.27) price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Electrocomponents plc from GBX 356 ($5.95) to GBX 313 ($5.23) in a research note on Friday, July 25th. They now have a “buy” rating on the stock.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.