Electrocomponents plc (ECM) Receives Average Recommendation of “Hold” from Analysts
Electrocomponents plc (LON:ECM) has earned a consensus rating of “Hold” from the eleven analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 540.90 ($7.04).
A number of equities research analysts have weighed in on ECM shares. Barclays PLC lifted their price target on shares of Electrocomponents plc from GBX 567 ($7.38) to GBX 604 ($7.87) and gave the stock an “equal weight” rating in a research note on Monday, June 26th. Liberum Capital reiterated a “buy” rating and set a GBX 500 ($6.51) price target on shares of Electrocomponents plc in a research note on Tuesday, May 23rd. Shore Capital reiterated a “sell” rating on shares of Electrocomponents plc in a research note on Tuesday, May 23rd. Numis Securities Ltd lifted their price target on shares of Electrocomponents plc from GBX 525 ($6.84) to GBX 550 ($7.16) and gave the stock a “hold” rating in a research note on Tuesday, May 23rd. Finally, Jefferies Group LLC lifted their price target on shares of Electrocomponents plc from GBX 510 ($6.64) to GBX 530 ($6.90) and gave the stock a “hold” rating in a research note on Tuesday, July 4th.
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Shares of Electrocomponents plc (LON:ECM) opened at 639.00 on Tuesday. The firm’s 50 day moving average is GBX 607.33 and its 200-day moving average is GBX 537.25. Electrocomponents plc has a one year low of GBX 290.10 and a one year high of GBX 644.50. The firm’s market capitalization is GBX 2.81 billion.
The business also recently disclosed a dividend, which was paid on Wednesday, July 26th. Shareholders of record on Thursday, June 15th were issued a dividend of GBX 7.30 ($0.10) per share. The ex-dividend date of this dividend was Thursday, June 15th. This is a boost from Electrocomponents plc’s previous dividend of $5.00. This represents a dividend yield of 1.33%.
Electrocomponents plc Company Profile
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.
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