Electrocomponents plc (LON:ECM) insider Karen Guerra bought 8,100 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were purchased at an average price of GBX 619 ($8.33) per share, with a total value of £50,139 ($67,481.83).
Shares of Electrocomponents plc (LON ECM) opened at GBX 618.50 ($8.32) on Monday. Electrocomponents plc has a 52-week low of GBX 460.90 ($6.20) and a 52-week high of GBX 713.05 ($9.60).
The business also recently announced a dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, November 30th will be issued a dividend of GBX 5.25 ($0.07) per share. This represents a yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 30th.
A number of research analysts have weighed in on the stock. Numis Securities lifted their price target on shares of Electrocomponents from GBX 660 ($8.88) to GBX 705 ($9.49) and gave the company an “add” rating in a research note on Tuesday, October 3rd. Peel Hunt lowered shares of Electrocomponents to a “reduce” rating and set a GBX 650 ($8.75) price target on the stock. in a research note on Tuesday, October 31st. Jefferies Group lifted their price target on shares of Electrocomponents from GBX 530 ($7.13) to GBX 600 ($8.08) and gave the company a “hold” rating in a research note on Wednesday, November 15th. reiterated an “add” rating and issued a GBX 705 ($9.49) price objective on shares of Electrocomponents in a report on Tuesday, November 14th. Finally, Shore Capital restated a “sell” rating on shares of Electrocomponents in a report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 624.33 ($8.40).
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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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