Numis Securities Ltd Increases Electrocomponents plc (ECM) Price Target to GBX 705
Electrocomponents plc (LON:ECM) had its price target boosted by stock analysts at Numis Securities Ltd from GBX 660 ($8.75) to GBX 705 ($9.35) in a report released on Tuesday. The brokerage currently has an “add” rating on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 10.42% from the stock’s current price.
Other equities analysts have also recently issued research reports about the stock. Credit Suisse Group upped their target price on shares of Electrocomponents plc from GBX 425 ($5.64) to GBX 520 ($6.90) and gave the company an “underperform” rating in a research note on Tuesday, June 6th. Peel Hunt raised their price target on shares of Electrocomponents plc from GBX 580 ($7.69) to GBX 610 ($8.09) and gave the company an “add” rating in a report on Monday, July 3rd. Liberum Capital lifted their price target on shares of Electrocomponents plc from GBX 660 ($8.75) to GBX 680 ($9.02) and gave the stock a “buy” rating in a research note on Tuesday. Jefferies Group LLC lifted their price target on shares of Electrocomponents plc from GBX 510 ($6.76) to GBX 530 ($7.03) and gave the stock a “hold” rating in a research note on Tuesday, July 4th. Finally, Shore Capital reiterated a “sell” rating on shares of Electrocomponents plc in a research note on Monday, July 3rd. Two 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 stock. Electrocomponents plc currently has a consensus rating of “Hold” and an average price target of GBX 551.40 ($7.31).
Shares of Electrocomponents plc (LON:ECM) opened at 652.00 on Tuesday. Electrocomponents plc has a 52 week low of GBX 346.80 and a 52 week high of GBX 662.00. The stock’s 50 day moving average is GBX 629.11 and its 200 day moving average is GBX 578.27. The stock’s market cap is GBX 2.87 billion.
About Electrocomponents plc
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.
Receive News & Ratings for Electrocomponents plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electrocomponents plc and related companies with Analyst Ratings Network's FREE daily email newsletter.