Peel Hunt Raises Electrocomponents plc (ECM) Price Target to GBX 315
Electrocomponents plc (LON:ECM) had its target price lifted by Peel Hunt from GBX 260 ($3.39) to GBX 315 ($4.11) in a research report released on Thursday morning. They currently have a hold rating on the stock.
A number of other research firms also recently issued reports on ECM. Credit Suisse Group AG increased their price objective on shares of Electrocomponents plc from GBX 220 ($2.87) to GBX 250 ($3.26) and gave the company an underperform rating in a research note on Wednesday, August 10th. Barclays PLC upgraded shares of Electrocomponents plc to an equal weight rating and raised their target price for the company from GBX 212 ($2.77) to GBX 289 ($3.77) in a research note on Monday, June 13th. Royal Bank Of Canada upgraded shares of Electrocomponents plc to a sector performer rating and raised their target price for the company from GBX 185 ($2.41) to GBX 270 ($3.52) in a research note on Thursday, May 26th. Shore Capital restated a sell rating on shares of Electrocomponents plc in a research note on Tuesday, June 14th. Finally, Jefferies Group raised their target price on shares of Electrocomponents plc from GBX 195 ($2.55) to GBX 270 ($3.52) and gave the company a hold rating in a research note on Friday, May 20th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Electrocomponents plc currently has an average rating of Hold and an average price target of GBX 264 ($3.45).
Shares of Electrocomponents plc (LON:ECM) opened at 347.90 on Thursday. The stock’s 50 day moving average is GBX 305.80 and its 200-day moving average is GBX 274.90. The company’s market cap is GBX 1.53 billion. Electrocomponents plc has a 12 month low of GBX 167.55 and a 12 month high of GBX 356.80.
In related news, insider Guerra,Karen bought 8,500 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were acquired at an average price of GBX 293 ($3.82) per share, for a total transaction of £24,905 ($32,508.81). Also, insider Ruth,Lindsley bought 20,000 shares of the company’s stock in a transaction dated Friday, June 24th. The stock was bought at an average price of GBX 266 ($3.47) per share, for a total transaction of £53,200 ($69,442.63).
Electrocomponents plc Company Profile
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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