Berenberg Bank Begins Coverage on Electrocomponents (ECM)
Berenberg Bank started coverage on shares of Electrocomponents (LON:ECM) in a research report sent to investors on Tuesday morning. The brokerage issued a hold rating and a GBX 590 ($7.94) target price on the stock.
Other equities analysts have also recently issued reports about the stock. Liberum Capital lifted their target price on shares of Electrocomponents from GBX 660 ($8.88) to GBX 680 ($9.15) and gave the company a buy rating in a report on Tuesday, October 3rd. Credit Suisse Group boosted their target price on shares of Electrocomponents from GBX 520 ($7.00) to GBX 575 ($7.74) and gave the stock an underperform rating in a research report on Tuesday, October 10th. Peel Hunt boosted their target price on shares of Electrocomponents from GBX 610 ($8.21) to GBX 650 ($8.75) and gave the stock an add rating in a research report on Tuesday, October 3rd. Numis Securities restated an add rating and set a GBX 705 ($9.49) target price on shares of Electrocomponents in a research report on Tuesday, November 14th. Finally, Shore Capital restated a sell rating on shares of Electrocomponents in a research report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Electrocomponents has an average rating of Hold and a consensus target price of GBX 620.90 ($8.36).
Electrocomponents (ECM) traded down GBX 1 ($0.01) during mid-day trading on Tuesday, hitting GBX 608.50 ($8.19). 356,147 shares of the stock traded hands, compared to its average volume of 1,160,000. Electrocomponents has a 1 year low of GBX 463.50 ($6.24) and a 1 year high of GBX 713.05 ($9.60).
The firm also recently disclosed a dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, November 30th will be given a GBX 5.25 ($0.07) dividend. The ex-dividend date is Thursday, November 30th. This represents a dividend yield of 0.8%.
In other Electrocomponents news, insider Karen Guerra acquired 8,100 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were acquired at an average cost of GBX 619 ($8.33) per share, for a total transaction of £50,139 ($67,481.83).
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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