Electrocomponents plc (ECM) Price Target Raised to GBX 600

Electrocomponents plc (LON:ECM) had its target price hoisted by analysts at Jefferies Group LLC from GBX 530 ($6.97) to GBX 600 ($7.89) in a research report issued to clients and investors on Wednesday. The brokerage presently has a “hold” rating on the stock. Jefferies Group LLC’s price target indicates a potential downside of 9.37% from the company’s current price.

A number of other equities analysts have also commented on ECM. Liberum Capital lifted their price target on shares of Electrocomponents plc from GBX 660 ($8.68) to GBX 680 ($8.94) and gave the stock a “buy” rating in a report on Tuesday, October 3rd. Numis Securities Ltd lifted their price target on shares of Electrocomponents plc from GBX 660 ($8.68) to GBX 705 ($9.27) and gave the stock an “add” rating in a report on Tuesday, October 3rd. Peel Hunt lifted their price target on shares of Electrocomponents plc from GBX 610 ($8.02) to GBX 650 ($8.55) and gave the stock an “add” rating in a report on Tuesday, October 3rd. Credit Suisse Group AG lifted their price target on shares of Electrocomponents plc from GBX 520 ($6.84) to GBX 575 ($7.56) and gave the stock an “underperform” rating in a report on Tuesday, October 10th. Finally, Shore Capital reiterated a “sell” rating on shares of Electrocomponents plc in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 614.25 ($8.08).

Electrocomponents plc (ECM) opened at GBX 662 ($8.71) on Wednesday. Electrocomponents plc has a fifty-two week low of GBX 363.10 ($4.78) and a fifty-two week high of GBX 713.05 ($9.38).

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About Electrocomponents plc

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.

Analyst Recommendations for Electrocomponents plc (LON:ECM)

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