Electrocomponents (ECM) Rating Reiterated by Peel Hunt
Several other brokerages also recently weighed in on ECM. Credit Suisse Group upped their price objective on Electrocomponents from GBX 520 ($6.95) to GBX 575 ($7.69) and gave the stock an underperform rating in a research report on Tuesday, October 10th. Numis Securities restated an add rating and set a GBX 705 ($9.43) price objective on shares of Electrocomponents in a research report on Tuesday, November 14th. Liberum Capital restated a buy rating and set a GBX 680 ($9.09) price objective on shares of Electrocomponents in a research report on Tuesday, November 14th. Shore Capital restated a sell rating on shares of Electrocomponents in a research report on Tuesday, November 14th. Finally, restated an add rating and set a GBX 705 ($9.43) price objective on shares of Electrocomponents in a research report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 622.40 ($8.32).
Shares of Electrocomponents (LON:ECM) opened at GBX 635.60 ($8.50) on Wednesday. Electrocomponents has a 1 year low of GBX 464.17 ($6.21) and a 1 year high of GBX 713.05 ($9.53). The firm has a market capitalization of $2,810.00 and a price-to-earnings ratio of 2,648.33.
The company also recently announced a dividend, which will be paid on Wednesday, January 10th. Shareholders 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 yield of 0.8%.
In related news, insider Karen Guerra purchased 8,100 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was bought at an average price of GBX 619 ($8.28) per share, with a total value of £50,139 ($67,039.71). Also, insider Bertrand Bodson purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was bought at an average cost of GBX 620 ($8.29) per share, with a total value of £62,000 ($82,898.78). Insiders acquired 28,100 shares of company stock valued at $17,283,900 over the last quarter.
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Electrocomponents 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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