Peel Hunt Raises Electrocomponents plc (ECM) Price Target to GBX 315
Electrocomponents plc (LON:ECM) had its price objective lifted by Peel Hunt from GBX 260 ($3.39) to GBX 315 ($4.11) in a research report sent to investors on Thursday morning. Peel Hunt currently has a hold rating on the stock.
ECM has been the subject of a number of other research reports. Numis Securities Ltd increased their price target on shares of Electrocomponents plc from GBX 295 ($3.85) to GBX 315 ($4.11) and gave the stock a buy rating in a research note on Thursday, May 19th. Royal Bank Of Canada upgraded shares of Electrocomponents plc to a sector performer rating and increased their price target for the stock from GBX 185 ($2.41) to GBX 270 ($3.52) in a research note on Thursday, May 26th. Credit Suisse Group AG cut shares of Electrocomponents plc to an underperform rating and decreased their price target for the stock from GBX 265 ($3.46) to GBX 220 ($2.87) in a research note on Wednesday, June 29th. Barclays PLC upgraded shares of Electrocomponents plc to an equal weight rating and increased their price target for the stock from GBX 212 ($2.77) to GBX 289 ($3.77) in a research note on Monday, June 13th. Finally, Shore Capital reiterated a sell rating on shares of Electrocomponents plc in a research note on Tuesday, June 14th. Five analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 264 ($3.45).
Shares of Electrocomponents plc (LON:ECM) opened at 347.90 on Thursday. The firm’s market cap is GBX 1.53 billion. The stock has a 50 day moving average of GBX 305.80 and a 200 day moving average of GBX 274.90. Electrocomponents plc has a 12 month low of GBX 167.55 and a 12 month high of GBX 356.80.
In related news, insider Ruth,Lindsley purchased 20,000 shares of the business’s stock in a transaction dated Friday, June 24th. The stock was acquired at an average price of GBX 266 ($3.47) per share, for a total transaction of £53,200 ($69,442.63). Also, insider Guerra,Karen purchased 8,500 shares of the business’s stock in a transaction dated Friday, July 29th. The stock was bought at an average price of GBX 293 ($3.82) per share, with a total value of £24,905 ($32,508.81).
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.
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