Electrocomponents plc Given Average Rating of “Hold” by Analysts (LON:ECM)
Shares of Electrocomponents plc (LON:ECM) have received an average rating of “Hold” from the fourteen brokerages that are currently covering the stock, StockRatingsNetwork.com reports. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 274.75 ($4.55).
Shares of Electrocomponents plc (LON:ECM) opened at 243.50 on Friday. Electrocomponents plc has a 52 week low of GBX 228.70 and a 52 week high of GBX 371.00. The stock’s 50-day moving average is GBX 244.7 and its 200-day moving average is GBX 268.0. The company’s market cap is £1.070 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 ($4.47) to GBX 260 ($4.30) 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 ($5.21) price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Electrocomponents plc from GBX 356 ($5.89) to GBX 313 ($5.18) 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.
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