Berenberg Bank Boosts Electrocomponents (LON:ECM) Price Target to GBX 800
Electrocomponents (LON:ECM) had its price target increased by Berenberg Bank from GBX 715 ($9.41) to GBX 800 ($10.52) in a report released on Tuesday, Digital Look reports. They currently have a buy rating on the stock.
Several other equities research analysts have also recently weighed in on the company. Liberum Capital reissued a buy rating on shares of Electrocomponents in a research note on Tuesday, February 4th. UBS Group reissued a buy rating on shares of Electrocomponents in a research note on Wednesday, February 5th. Peel Hunt reissued a hold rating on shares of Electrocomponents in a research note on Tuesday, February 4th. Peel Hunt cut Electrocomponents to a hold rating and set a GBX 650 ($8.55) price objective on the stock. in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. boosted their target price 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of GBX 721.89 ($9.50).
Shares of LON ECM opened at GBX 703 ($9.25) on Tuesday. The business’s 50 day moving average is GBX 691.35 and its two-hundred day moving average is GBX 645.79. The company has a debt-to-equity ratio of 47.89, a current ratio of 1.55 and a quick ratio of 0.83. Electrocomponents has a 1-year low of GBX 532.40 ($7.00) and a 1-year high of GBX 731.20 ($9.62). The stock has a market capitalization of $3.14 billion and a P/E ratio of 21.50.
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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