Electrocomponents plc (ECM) Rating Lowered to Add at Numis Securities Ltd
Electrocomponents plc (LON:ECM) was downgraded by Numis Securities Ltd to an “add” rating in a research report issued to clients and investors on Thursday. They currently have a GBX 350 ($4.66) price objective on the stock, up from their prior price objective of GBX 315 ($4.20). Numis Securities Ltd’s price objective would indicate a potential upside of 1.16% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. Credit Suisse Group AG raised their target price on Electrocomponents plc from GBX 220 ($2.93) to GBX 250 ($3.33) and gave the company an “underperform” rating in a research report on Wednesday, August 10th. Barclays PLC upgraded Electrocomponents plc to an “equal weight” rating and raised their target price for the company from GBX 212 ($2.82) to GBX 289 ($3.85) in a research report on Monday, June 13th. Peel Hunt restated a “hold” rating and issued a GBX 250 ($3.33) target price on shares of Electrocomponents plc in a research report on Thursday, May 19th. Shore Capital restated a “sell” rating on shares of Electrocomponents plc in a research report on Tuesday, June 14th. Finally, Jefferies Group raised their target price on Electrocomponents plc from GBX 195 ($2.60) to GBX 270 ($3.60) and gave the company a “hold” rating in a research report on Friday, May 20th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 259.45 ($3.46).
Electrocomponents plc (LON:ECM) opened at 345.50 on Thursday. Electrocomponents plc has a 52-week low of GBX 167.55 and a 52-week high of GBX 356.80. The company’s market cap is GBX 1.52 billion. The stock’s 50 day moving average price is GBX 304.05 and its 200-day moving average price is GBX 273.67.
In other news, insider Guerra,Karen acquired 8,500 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was acquired at an average cost of GBX 293 ($3.90) per share, with a total value of £24,905 ($33,171.28). Also, insider Ruth,Lindsley acquired 20,000 shares of the company’s stock in a transaction dated Friday, June 24th. The stock was purchased at an average cost of GBX 266 ($3.54) per share, with a total value of £53,200 ($70,857.75).
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.
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