Royal Bank Of Canada Increases Electrocomponents plc (ECM) Price Target to GBX 350
Electrocomponents plc (LON:ECM) had its price target boosted by investment analysts at Royal Bank Of Canada from GBX 280 ($3.47) to GBX 350 ($4.33) in a report released on Thursday. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential downside of 3.39% from the company’s previous close.
Other equities research analysts have also issued research reports about the company. Credit Suisse Group AG lifted their price objective on Electrocomponents plc from GBX 220 ($2.72) to GBX 250 ($3.09) and gave the stock an “underperform” rating in a report on Wednesday, August 10th. Citigroup Inc. raised Electrocomponents plc to a “neutral” rating and lifted their price objective for the stock from GBX 185 ($2.29) to GBX 375 ($4.64) in a report on Wednesday, October 12th. Peel Hunt reissued a “hold” rating and issued a GBX 250 ($3.09) price objective on shares of Electrocomponents plc in a report on Wednesday, July 20th. Shore Capital reissued a “sell” rating on shares of Electrocomponents plc in a report on Wednesday, July 20th. Finally, Numis Securities Ltd reissued a “buy” rating and issued a GBX 315 ($3.90) price objective on shares of Electrocomponents plc in a report on Wednesday, July 20th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Electrocomponents plc presently has a consensus rating of “Hold” and a consensus price target of GBX 305.44 ($3.78).
Electrocomponents plc (LON:ECM) opened at 360.80 on Thursday. The stock has a 50 day moving average of GBX 333.12 and a 200-day moving average of GBX 288.97. The company’s market cap is GBX 1.59 billion. Electrocomponents plc has a 12-month low of GBX 200.70 and a 12-month high of GBX 381.00.
In other Electrocomponents plc news, insider Guerra,Karen acquired 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 ($3.63) per share, with a total value of £24,905 ($30,823.02).
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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