Electrocomponents (LON:ECM) had its target price raised by research analysts at Peel Hunt from GBX 630 ($8.23) to GBX 650 ($8.49) in a research report issued on Friday, ThisIsMoney.Co.Uk reports. The firm presently has an “add” rating on the stock. Peel Hunt’s price objective indicates a potential upside of 5.28% from the company’s previous close.
ECM has been the subject of several other reports. Numis Securities restated a “buy” rating on shares of Electrocomponents in a report on Thursday, May 16th. Liberum Capital reiterated a “buy” rating on shares of Electrocomponents in a report on Tuesday, May 21st. Jefferies Financial Group reiterated a “buy” rating on shares of Electrocomponents in a report on Tuesday, April 9th. Berenberg Bank reiterated a “buy” rating on shares of Electrocomponents in a report on Friday, April 5th. Finally, Shore Capital reiterated a “sell” rating on shares of Electrocomponents in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 712.63 ($9.31).
Shares of LON:ECM opened at GBX 617.40 ($8.07) on Friday. The company has a debt-to-equity ratio of 43.00, a current ratio of 1.92 and a quick ratio of 1.08. The firm has a market capitalization of $2.73 billion and a price-to-earnings ratio of 18.60. Electrocomponents has a 52-week low of GBX 478.40 ($6.25) and a 52-week high of GBX 779.20 ($10.18).
In other news, insider Lindsley Ruth sold 19,630 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of GBX 597 ($7.80), for a total transaction of £117,191.10 ($153,130.93).
Electrocomponents Company Profile
Electrocomponents plc, together with its subsidiaries, distributes various electronics and industrial products in Northern Europe, Southern Europe, Central Europe, the Asia Pacific, and the Americas. The company distributes semiconductor products, including microcontrollers, voltage regulators, transistors, and diodes; and interconnectors, passives, and electromechanical components, such as resistors, switches, and heavy-duty connectors for industrial applications and power supplies.
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