Credit Suisse Group AG Increases Electrocomponents plc (ECM) Price Target to GBX 300
Electrocomponents plc (LON:ECM) had its price target boosted by research analysts at Credit Suisse Group AG from GBX 250 ($3.26) to GBX 300 ($3.92) in a note issued to investors on Tuesday. The brokerage presently has an “underperform” rating on the stock. Credit Suisse Group AG’s target price would indicate a potential downside of 13.34% from the stock’s previous close.
Several other research analysts have also issued reports on ECM. Royal Bank Of Canada upgraded shares of Electrocomponents plc to a “sector performer” rating and upped their target price for the stock from GBX 185 ($2.41) to GBX 270 ($3.52) in a research report on Thursday, May 26th. Shore Capital reiterated a “sell” rating on shares of Electrocomponents plc in a research report on Wednesday, July 20th. Barclays PLC upgraded shares of Electrocomponents plc to an “equal weight” rating and upped their target price for the stock from GBX 212 ($2.77) to GBX 289 ($3.77) in a research report on Monday, June 13th. Peel Hunt upped their target price on shares of Electrocomponents plc from GBX 260 ($3.39) to GBX 315 ($4.11) and gave the stock a “hold” rating in a research report on Thursday, September 15th. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 315 ($4.11) target price on shares of Electrocomponents plc in a research report on Wednesday, July 20th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 264 ($3.45).
Shares of Electrocomponents plc (LON:ECM) opened at 345.10 on Tuesday. The firm’s 50-day moving average price is GBX 308.38 and its 200-day moving average price is GBX 276.14. The firm’s market capitalization is GBX 1.52 billion. Electrocomponents plc has a one year low of GBX 167.55 and a one year high of GBX 356.80.
In other news, insider Guerra,Karen acquired 8,500 shares of the stock in a transaction dated Friday, July 29th. The stock was purchased at an average cost of GBX 293 ($3.82) per share, with a total value of £24,905 ($32,508.81). Also, insider Ruth,Lindsley acquired 20,000 shares of the stock in a transaction dated Friday, June 24th. The shares were purchased at an average cost of GBX 266 ($3.47) per share, with a total value of £53,200 ($69,442.63).
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.
Receive News & Ratings for Electrocomponents plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electrocomponents plc and related companies with Analyst Ratings Network's FREE daily email newsletter.