Electrocomponents (LON:ECM) had its target price raised by equities researchers at Berenberg Bank from GBX 715 ($9.41) to GBX 800 ($10.52) in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 13.09% from the stock’s previous close.

A number of other research firms have also recently weighed in on ECM. Barclays raised their price objective on shares of Electrocomponents from GBX 640 ($8.42) to GBX 646 ($8.50) and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Peel Hunt cut shares of Electrocomponents to a “hold” rating and set a GBX 650 ($8.55) price objective on the stock. in a report on Tuesday, November 12th. UBS Group reissued a “buy” rating on shares of Electrocomponents in a report on Wednesday, February 5th. HSBC reissued a “hold” rating on shares of Electrocomponents in a report on Monday, January 13th. Finally, Liberum Capital reissued a “buy” rating on shares of Electrocomponents in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 721.89 ($9.50).

ECM stock opened at GBX 707.40 ($9.31) on Tuesday. The company has a current ratio of 1.55, a quick ratio of 0.83 and a debt-to-equity ratio of 47.89. Electrocomponents has a twelve month low of GBX 532.40 ($7.00) and a twelve month high of GBX 731.20 ($9.62). The company’s 50 day moving average is GBX 690.82 and its two-hundred day moving average is GBX 645.32. The stock has a market cap of $3.19 billion and a P/E ratio of 21.63.

About Electrocomponents

Electrocomponents plc, together with its subsidiaries, distributes various electronics and industrial products in Northern Europe, Southern Europe, Central Europe, the Asia Pacific, and the Americas. The company distributes semiconductor products, including microcontrollers, voltage regulators, transistors, and diodes; and interconnectors, passives, and electromechanical components, such as resistors, switches, and heavy-duty connectors for industrial applications and power supplies.

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Analyst Recommendations for Electrocomponents (LON:ECM)

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