Eleco Plc (LON:ELCO) Insider Purchases £9,985.80 in Stock

Eleco Plc (LON:ELCO) insider James Pellatt purchased 6,052 shares of the firm’s stock in a transaction that occurred on Thursday, June 19th. The stock was bought at an average cost of GBX 165 ($2.22) per share, for a total transaction of £9,985.80 ($13,428.99).

Eleco Trading Down 0.3%

Shares of Eleco stock opened at GBX 165 ($2.22) on Friday. The firm has a market capitalization of £137.47 million, a PE ratio of 46.71 and a beta of 0.82. Eleco Plc has a twelve month low of GBX 106.36 ($1.43) and a twelve month high of GBX 173 ($2.33). The firm’s 50-day moving average price is GBX 145.47 and its 200 day moving average price is GBX 139.94. The company has a current ratio of 1.01, a quick ratio of 1.23 and a debt-to-equity ratio of 4.79.

Eleco (LON:ELCO) last released its earnings results on Thursday, May 1st. The company reported GBX 5.10 ($0.07) earnings per share for the quarter. Eleco had a net margin of 9.46% and a return on equity of 10.50%. On average, sell-side analysts predict that Eleco Plc will post 6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group began coverage on shares of Eleco in a research note on Thursday, May 8th. They issued a “buy” rating and a GBX 176 ($2.37) price target on the stock.

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