Electrocomponents plc (LON:ECM) has received an average recommendation of “Hold” from the ten brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 539.89 ($6.99).

Several equities research analysts recently commented on ECM shares. HSBC Holdings plc upped their price target on shares of Electrocomponents plc from GBX 520 ($6.74) to GBX 550 ($7.12) and gave the company a ” buy” rating in a research report on Wednesday, April 12th. Peel Hunt upped their price target on shares of Electrocomponents plc from GBX 515 ($6.67) to GBX 530 ($6.87) and gave the company an “add” rating in a research report on Thursday, April 6th. Numis Securities Ltd upgraded shares of Electrocomponents plc to an “add” rating and upped their price target for the company from GBX 630 ($8.16) to GBX 660 ($8.55) in a research report on Monday, July 3rd. Liberum Capital upped their price target on shares of Electrocomponents plc from GBX 500 ($6.48) to GBX 660 ($8.55) and gave the company a “buy” rating in a research report on Thursday, June 1st. Finally, Barclays PLC upgraded shares of Electrocomponents plc to an “equal weight” rating and upped their price target for the company from GBX 289 ($3.74) to GBX 567 ($7.34) in a research report on Thursday, May 11th.

Shares of Electrocomponents plc (LON ECM) opened at 608.50 on Friday. Electrocomponents plc has a 1-year low of GBX 247.20 and a 1-year high of GBX 619.00. The firm has a 50-day moving average of GBX 577.41 and a 200 day moving average of GBX 511.24. The stock’s market capitalization is GBX 2.68 billion.

The firm also recently declared a dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Thursday, June 15th will be paid a dividend of GBX 7.30 ($0.09) per share. This is a positive change from Electrocomponents plc’s previous dividend of $5.00. The ex-dividend date is Thursday, June 15th. This represents a dividend yield of 1.33%.

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About Electrocomponents plc

Electrocomponents plc is a service distributor. The Company’s segments include Northern Europe, Southern Europe, Central Europe, Asia Pacific (APAC) and Emerging Markets, and North America. Its Northern Europe’s hub is the United Kingdom, with associated local markets in Denmark, Norway, Sweden and Republic of Ireland.

Analyst Recommendations for Electrocomponents plc (LON:ECM)

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