Electrocomponents plc (LON:ECM) has received an average recommendation of “Hold” from the eleven brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 622.40 ($8.32).
Several equities analysts recently weighed in on the stock. Credit Suisse Group increased their price target on shares of Electrocomponents from GBX 575 ($7.69) to GBX 590 ($7.89) and gave the company an “underperform” rating in a research report on Wednesday. Berenberg Bank assumed coverage on shares of Electrocomponents in a research report on Tuesday, December 12th. They set a “hold” rating and a GBX 590 ($7.89) price target for the company. Numis Securities increased their price target on shares of Electrocomponents from GBX 660 ($8.82) to GBX 705 ($9.43) and gave the company an “add” rating in a research report on Tuesday, October 3rd. Peel Hunt restated a “hold” rating and set a GBX 650 ($8.69) price target on shares of Electrocomponents in a research report on Wednesday. Finally, Liberum Capital increased their price target on shares of Electrocomponents from GBX 660 ($8.82) to GBX 680 ($9.09) and gave the company a “buy” rating in a research report on Tuesday, October 3rd.
In other news, insider Karen Guerra purchased 8,100 shares of the stock in a transaction dated Thursday, December 7th. The shares were purchased at an average cost of GBX 619 ($8.28) per share, with a total value of £50,139 ($67,039.71). Also, insider Simon Pryce purchased 10,000 shares of the stock in a transaction dated Friday, December 15th. The stock was purchased at an average cost of GBX 607 ($8.12) per share, for a total transaction of £60,700 ($81,160.58). Insiders have acquired 28,100 shares of company stock valued at $17,283,900 in the last quarter.
The firm also recently announced a dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, November 30th will be given a dividend of GBX 5.25 ($0.07) per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a yield of 0.8%.
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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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