Electrocomponents (ECM) Rating Increased to Add at Peel Hunt
ECM has been the subject of a number of other research reports. Numis Securities reaffirmed a buy rating on shares of Electrocomponents in a report on Thursday, October 4th. Shore Capital reaffirmed a sell rating on shares of Electrocomponents in a report on Wednesday, November 14th. UBS Group reaffirmed a neutral rating on shares of Electrocomponents in a report on Friday, September 28th. Liberum Capital reaffirmed a buy rating on shares of Electrocomponents in a report on Tuesday. Finally, Jefferies Financial Group upped their target price on Electrocomponents from GBX 600 ($7.84) to GBX 740 ($9.67) and gave the stock a hold rating in a report on Monday, August 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 762.14 ($9.96).
Electrocomponents stock opened at GBX 566.20 ($7.40) on Tuesday. Electrocomponents has a 52 week low of GBX 467.90 ($6.11) and a 52 week high of GBX 713.05 ($9.32).
The business also recently declared a dividend, which will be paid on Wednesday, January 9th. Shareholders of record on Thursday, November 29th will be given a GBX 5.30 ($0.07) dividend. The ex-dividend date is Thursday, November 29th. This represents a dividend yield of 0.93%.
In related news, insider Lindsley Ruth purchased 10,000 shares of Electrocomponents stock in a transaction on Tuesday, November 20th. The shares were purchased at an average price of GBX 561 ($7.33) per share, for a total transaction of £56,100 ($73,304.59).
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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