Electrocomponents plc (ECM) Receives Average Rating of “Hold” from Brokerages
Shares of Electrocomponents plc (LON:ECM) have been given a consensus rating of “Hold” by the nine analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 605.50 ($8.05).
A number of equities analysts have recently commented on ECM shares. Shore Capital restated a “sell” rating on shares of Electrocomponents plc in a research report on Monday, July 3rd. Barclays PLC raised their price objective on shares of Electrocomponents plc from GBX 567 ($7.53) to GBX 604 ($8.03) and gave the company an “equal weight” rating in a research report on Monday, June 26th. Jefferies Group LLC lifted their target price on shares of Electrocomponents plc from GBX 510 ($6.78) to GBX 530 ($7.04) and gave the company a “hold” rating in a research report on Tuesday, July 4th. Numis Securities Ltd upgraded shares of Electrocomponents plc to an “add” rating and lifted their target price for the company from GBX 630 ($8.37) to GBX 660 ($8.77) in a research report on Monday, July 3rd. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 660 ($8.77) target price on shares of Electrocomponents plc in a research report on Monday, July 3rd.
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Electrocomponents plc (LON ECM) opened at 704.00 on Friday. The firm’s market capitalization is GBX 3.10 billion. Electrocomponents plc has a 12 month low of GBX 355.60 and a 12 month high of GBX 713.32. The stock has a 50 day moving average of GBX 653.05 and a 200 day moving average of GBX 597.27.
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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