Lindsley Ruth Sells 121,164 Shares of Electrocomponents plc (LON:ECM) Stock

Electrocomponents plc (LON:ECM) insider Lindsley Ruth sold 121,164 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of GBX 626 ($8.49), for a total value of £758,486.64 ($1,028,595.93).

Electrocomponents plc (LON:ECM) opened at GBX 619.20 ($8.40) on Friday. Electrocomponents plc has a fifty-two week low of GBX 464.17 ($6.29) and a fifty-two week high of GBX 713.05 ($9.67). The firm has a market capitalization of $2,740.00 and a price-to-earnings ratio of 2,580.00.

The company also recently announced a dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, November 30th were issued a GBX 5.25 ($0.07) dividend. This represents a yield of 0.8%. The ex-dividend date of this dividend was Thursday, November 30th.

ECM has been the subject of several recent analyst reports. Numis Securities reissued an “add” rating and issued a GBX 705 ($9.56) price target on shares of Electrocomponents in a report on Monday, December 4th. Peel Hunt raised their price objective on Electrocomponents from GBX 610 ($8.27) to GBX 650 ($8.81) and gave the company an “add” rating in a research note on Tuesday, October 3rd. reaffirmed an “add” rating and issued a GBX 705 ($9.56) price objective on shares of Electrocomponents in a research note on Tuesday, November 14th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 680 ($9.22) price objective on shares of Electrocomponents in a research note on Tuesday, November 14th. Finally, Jefferies Group raised their price objective on Electrocomponents from GBX 530 ($7.19) to GBX 600 ($8.14) and gave the company a “hold” rating in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 622.40 ($8.44).

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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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