Eleco (LON:ELCO) Earns Buy Rating from Canaccord Genuity Group

Eleco (LON:ELCOGet Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity Group in a report released on Thursday,Digital Look reports. They currently have a GBX 205 price target on the stock. Canaccord Genuity Group’s target price points to a potential upside of 58.91% from the stock’s current price.

Eleco Stock Performance

Shares of Eleco stock opened at GBX 129 on Thursday. The firm has a market cap of £107.69 million, a PE ratio of 80.62 and a beta of 0.72. The firm’s 50-day simple moving average is GBX 121.98 and its 200-day simple moving average is GBX 126.49. The company has a debt-to-equity ratio of 3.78, a quick ratio of 1.23 and a current ratio of 1.00. Eleco has a 1 year low of GBX 101 and a 1 year high of GBX 177.

Eleco (LON:ELCOGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported GBX 6.30 EPS for the quarter. Eleco had a return on equity of 4.16% and a net margin of 3.39%.The business had revenue of GBX 3,882 million during the quarter. Equities analysts forecast that Eleco will post 6 earnings per share for the current fiscal year.

Eleco Company Profile

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