Electrocomponents plc (ECM) Given Average Rating of “Hold” by Analysts
Electrocomponents plc (LON:ECM) has been assigned an average rating of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 624.33 ($8.40).
Several equities research analysts recently commented on the stock. Numis Securities reissued an “add” rating and issued a GBX 705 ($9.49) price target on shares of Electrocomponents in a report on Monday, December 4th. Peel Hunt raised shares of Electrocomponents to a “hold” rating and set a GBX 650 ($8.75) price target for the company in a report on Wednesday, December 6th. Credit Suisse Group lifted their target price on shares of Electrocomponents from GBX 520 ($7.00) to GBX 575 ($7.74) and gave the stock an “underperform” rating in a research note on Tuesday, October 10th. Liberum Capital lifted their target price on shares of Electrocomponents from GBX 660 ($8.88) to GBX 680 ($9.15) and gave the stock a “buy” rating in a research note on Tuesday, October 3rd. Finally, Jefferies Group lifted their target price on shares of Electrocomponents from GBX 530 ($7.13) to GBX 600 ($8.08) and gave the stock a “hold” rating in a research note on Wednesday, November 15th.
Electrocomponents (ECM) opened at GBX 617.50 ($8.31) on Monday. Electrocomponents has a 1-year low of GBX 460.90 ($6.20) and a 1-year high of GBX 713.05 ($9.60).
Electrocomponents 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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