Electrocomponents plc (LON:ECM) insider Lindsley Ruth sold 121,164 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of GBX 626 ($8.49), for a total value of £758,486.64 ($1,028,595.93).

Electrocomponents plc (LON:ECM) traded down GBX 4.80 ($0.07) during mid-day trading on Wednesday, reaching GBX 622 ($8.44). The company had a trading volume of 816,167 shares, compared to its average volume of 970,647. Electrocomponents plc has a one year low of GBX 464.17 ($6.29) and a one year high of GBX 713.05 ($9.67). The company has a market cap of $2,750.00 and a price-to-earnings ratio of 2,591.67.

The business also recently disclosed a dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, November 30th will be given 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 firms have recently commented on ECM. Peel Hunt raised their target price on Electrocomponents from GBX 610 ($8.27) to GBX 650 ($8.81) and gave the company an “add” rating in a research note on Tuesday, October 3rd. restated an “add” rating and issued a GBX 705 ($9.56) target price on shares of Electrocomponents in a research note on Tuesday, November 14th. Shore Capital restated a “sell” rating on shares of Electrocomponents in a research note on Tuesday, November 14th. Jefferies Group raised their target price on Electrocomponents from GBX 530 ($7.19) to GBX 600 ($8.14) and gave the company a “hold” rating in a research note on Wednesday, November 15th. Finally, Numis Securities restated an “add” rating and issued a GBX 705 ($9.56) target price on shares of Electrocomponents in a research note on Monday, December 4th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Electrocomponents currently has a consensus rating of “Hold” and a consensus target price of GBX 622.40 ($8.44).

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About Electrocomponents

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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