Peel Hunt reissued their hold rating on shares of Electrocomponents (LON:ECM) in a report published on Monday, ThisIsMoney.Co.Uk reports.
Several other brokerages have also recently weighed in on ECM. UBS Group reiterated a buy rating on shares of Electrocomponents in a research report on Wednesday, February 5th. JPMorgan Chase & Co. lifted their price target on Electrocomponents from GBX 774 ($10.18) to GBX 811 ($10.67) and gave the company an overweight rating in a research report on Wednesday, February 5th. Shore Capital reiterated a sell rating on shares of Electrocomponents in a research report on Tuesday, February 4th. Jefferies Financial Group cut their price objective on Electrocomponents from GBX 730 ($9.60) to GBX 585 ($7.70) and set a buy rating for the company in a research report on Monday, March 16th. Finally, Berenberg Bank boosted their price objective on Electrocomponents from GBX 715 ($9.41) to GBX 800 ($10.52) and gave the company a buy rating in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Electrocomponents has an average rating of Buy and an average target price of GBX 679.67 ($8.94).
Shares of ECM stock opened at GBX 515 ($6.77) on Monday. The stock has a 50 day moving average of GBX 602.94 and a 200 day moving average of GBX 646.85. The company has a current ratio of 1.55, a quick ratio of 0.83 and a debt-to-equity ratio of 47.89. The stock has a market cap of $2.30 billion and a P/E ratio of 15.75. Electrocomponents has a twelve month low of GBX 397.30 ($5.23) and a twelve month high of GBX 731.20 ($9.62).
In other Electrocomponents news, insider Lindsley Ruth acquired 10,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was acquired at an average cost of GBX 484 ($6.37) per share, for a total transaction of £48,400 ($63,667.46).
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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