Electrocomponents plc (ECM) Receives Consensus Recommendation of “Hold” from Analysts
Electrocomponents plc (LON:ECM) has been assigned a consensus recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 540.90 ($7.00).
A number of analysts have commented on ECM shares. Peel Hunt lifted their target price on shares of Electrocomponents plc from GBX 530 ($6.85) to GBX 580 ($7.50) and gave the stock an “add” rating in a report on Tuesday, May 23rd. Shore Capital reaffirmed a “sell” rating on shares of Electrocomponents plc in a report on Monday, July 3rd. Liberum Capital lifted their target price on shares of Electrocomponents plc from GBX 500 ($6.47) to GBX 660 ($8.54) and gave the stock a “buy” rating in a report on Thursday, June 1st. Barclays PLC lifted their target price on shares of Electrocomponents plc from GBX 567 ($7.33) to GBX 604 ($7.81) and gave the stock an “equal weight” rating in a report on Monday, June 26th. Finally, Jefferies Group LLC lifted their target price on shares of Electrocomponents plc from GBX 510 ($6.60) to GBX 530 ($6.85) and gave the stock a “hold” rating in a report on Tuesday, July 4th.
Shares of Electrocomponents plc (LON:ECM) opened at 639.50 on Friday. Electrocomponents plc has a 12 month low of GBX 294.60 and a 12 month high of GBX 644.50. The firm’s market cap is GBX 2.82 billion. The stock’s 50 day moving average price is GBX 626.50 and its 200-day moving average price is GBX 555.90.
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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.
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