Electrocomponents (ECM) Earns Buy Rating from Liberum Capital

Liberum Capital reiterated their buy rating on shares of Electrocomponents (LON:ECM) in a report published on Wednesday morning. They currently have a GBX 810 ($10.58) target price on the stock.

A number of other brokerages also recently commented on ECM. Shore Capital reissued a sell rating on shares of Electrocomponents in a research report on Wednesday, November 14th. Peel Hunt raised shares of Electrocomponents to an add rating in a research report on Tuesday, November 20th. Barclays decreased their price objective on shares of Electrocomponents from GBX 725 ($9.47) to GBX 610 ($7.97) and set an equal weight rating for the company in a research report on Monday, January 28th. Berenberg Bank raised shares of Electrocomponents to a buy rating and decreased their price objective for the company from GBX 770 ($10.06) to GBX 650 ($8.49) in a research report on Tuesday, January 29th. Finally, Jefferies Financial Group raised shares of Electrocomponents to a buy rating and decreased their price objective for the company from GBX 740 ($9.67) to GBX 700 ($9.15) in a research report on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of GBX 734.38 ($9.60).

Shares of ECM stock opened at GBX 561.20 ($7.33) on Wednesday. Electrocomponents has a 1 year low of GBX 467.90 ($6.11) and a 1 year high of GBX 713.05 ($9.32).

Electrocomponents (LON:ECM) last issued its quarterly earnings results on Tuesday, November 20th. The company reported GBX 17.20 ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 17 ($0.22) by GBX 0.20 ($0.00).

In related news, insider Karen Guerra bought 20,000 shares of Electrocomponents stock in a transaction that occurred on Monday, December 10th. The stock was acquired at an average price of GBX 501 ($6.55) per share, with a total value of £100,200 ($130,929.05). Also, insider Lindsley Ruth sold 121,164 shares of Electrocomponents stock in a transaction dated Monday, January 7th. The stock was sold at an average price of GBX 499 ($6.52), for a total transaction of £604,608.36 ($790,027.91).

About Electrocomponents

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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Analyst Recommendations for Electrocomponents (LON:ECM)

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