Electrocomponents (ECM) Upgraded by Jefferies Financial Group to “Buy”
Jefferies Financial Group upgraded shares of Electrocomponents (LON:ECM) to a buy rating in a research note released on Tuesday morning. The brokerage currently has GBX 700 ($9.15) target price on the stock, down from their previous target price of GBX 740 ($9.67).
ECM has been the subject of several other research reports. UBS Group reaffirmed a neutral rating on shares of Electrocomponents in a research report on Wednesday, January 2nd. Shore Capital reissued a sell rating on shares of Electrocomponents in a report on Wednesday, November 14th. Liberum Capital reissued a buy rating on shares of Electrocomponents in a report on Tuesday, November 20th. Peel Hunt raised shares of Electrocomponents to an add rating in a report on Tuesday, November 20th. Finally, Numis Securities reissued a buy rating on shares of Electrocomponents in a report on Thursday, October 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 765 ($10.00).
LON ECM opened at GBX 534 ($6.98) 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 company also recently announced a dividend, which was paid on Wednesday, January 9th. Investors of record on Thursday, November 29th were issued a GBX 5.30 ($0.07) dividend. This represents a yield of 0.93%. The ex-dividend date of this dividend was Thursday, November 29th.
In other Electrocomponents news, insider Lindsley Ruth sold 121,164 shares of the company’s stock in a transaction that occurred on Monday, January 7th. The stock was sold at an average price of GBX 499 ($6.52), for a total value of £604,608.36 ($790,027.91). Also, insider Karen Guerra purchased 20,000 shares of the company’s stock in a transaction on Monday, December 10th. The stock was acquired at an average price of GBX 501 ($6.55) per share, with a total value of £100,200 ($130,929.05).
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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