Eleco (LON:ELCO) Trading 16.1% Higher – What’s Next?

Eleco Plc (LON:ELCO)’s stock price shot up 16.1% on Thursday . The company traded as high as GBX 133.50 and last traded at GBX 133.50. 268,517 shares changed hands during trading, an increase of 46% from the average daily volume of 183,825 shares. The stock had previously closed at GBX 115.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 205 price target on shares of Eleco in a report on Thursday. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 205.

Eleco Stock Up 16.1%

The company’s 50-day moving average is GBX 121.96 and its two-hundred day moving average is GBX 126.40. The company has a debt-to-equity ratio of 3.78, a current ratio of 1.00 and a quick ratio of 1.23. The company has a market cap of £111.45 million, a P/E ratio of 83.44 and a beta of 0.72.

Eleco (LON:ELCO) last announced its quarterly earnings results on Tuesday, April 28th. The company reported GBX 6.30 earnings per share (EPS) for the quarter. Eleco had a return on equity of 4.16% and a net margin of 3.39%.The firm had revenue of GBX 3,882 million for the quarter. As a group, equities analysts predict that Eleco Plc will post 6 earnings per share for the current fiscal year.

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