Eleco Plc (LON:ELCO – Get Free Report) shot up 11.6% on Tuesday after Canaccord Genuity Group raised their price target on the stock from GBX 176 to GBX 196. Canaccord Genuity Group currently has a buy rating on the stock. Eleco traded as high as GBX 147.40 and last traded at GBX 147.36. 114,709 shares traded hands during mid-day trading, an increase of 35% from the average session volume of 85,079 shares. The stock had previously closed at GBX 132.
Eleco Stock Up 3.4%
The firm has a 50 day moving average price of GBX 131.83 and a 200-day moving average price of GBX 149.41. The firm has a market cap of £126.22 million, a price-to-earnings ratio of 33.89 and a beta of 0.82. The company has a debt-to-equity ratio of 4.79, a current ratio of 1.01 and a quick ratio of 1.23.
About Eleco
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