Electrocomponents (LON:ECM) had its price objective lowered by JPMorgan Chase & Co. from GBX 661 ($8.64) to GBX 651 ($8.51) in a research report sent to investors on Wednesday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has a neutral rating on the stock.
Several other equities research analysts have also issued reports on the stock. Barclays reissued an equal weight rating and set a GBX 640 ($8.36) target price on shares of Electrocomponents in a research note on Wednesday, October 9th. Peel Hunt lowered shares of Electrocomponents to a hold rating and set a GBX 650 ($8.49) target price on the stock. in a research note on Tuesday, November 12th. Liberum Capital reissued a buy rating and set a GBX 810 ($10.58) target price on shares of Electrocomponents in a research note on Tuesday, November 12th. UBS Group reissued a buy rating on shares of Electrocomponents in a research note on Friday, November 8th. Finally, Shore Capital reissued a sell rating on shares of Electrocomponents in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Electrocomponents currently has a consensus rating of Hold and an average price target of GBX 686.89 ($8.98).
Shares of ECM stock traded up GBX 5 ($0.07) during mid-day trading on Wednesday, hitting GBX 637 ($8.32). 1,449,367 shares of the stock were exchanged, compared to its average volume of 1,240,000. The firm has a fifty day moving average of GBX 659.60 and a 200 day moving average of GBX 619.84. The company has a quick ratio of 0.83, a current ratio of 1.55 and a debt-to-equity ratio of 47.89. Electrocomponents has a 52-week low of GBX 478.40 ($6.25) and a 52-week high of GBX 729.80 ($9.54). The company has a market cap of $2.82 billion and a PE ratio of 19.48.
The business also recently declared a dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, November 28th will be paid a GBX 5.90 ($0.08) dividend. This represents a yield of 0.94%. The ex-dividend date of this dividend is Thursday, November 28th. Electrocomponents’s dividend payout ratio is presently 0.46%.
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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