Electrocomponents plc (LON:ECM) insider Lindsley Ruth sold 121,164 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of GBX 626 ($8.79), for a total value of £758,486.64 ($1,065,140.63).
Electrocomponents plc (LON ECM) traded down GBX 3.40 ($0.05) on Friday, hitting GBX 611.40 ($8.59). The company had a trading volume of 1,998,221 shares, compared to its average volume of 892,786. The firm has a market capitalization of $2,700.00 and a price-to-earnings ratio of 2,547.50. Electrocomponents plc has a fifty-two week low of GBX 464.17 ($6.52) and a fifty-two week high of GBX 713.05 ($10.01).
The business also recently disclosed a dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, November 30th were paid a dividend of GBX 5.25 ($0.07) per share. This represents a dividend yield of 0.8%. The ex-dividend date was Thursday, November 30th.
ECM has been the subject of several research analyst reports. Credit Suisse Group increased their price objective on Electrocomponents from GBX 520 ($7.30) to GBX 575 ($8.07) and gave the company an “underperform” rating in a report on Tuesday, October 10th. Peel Hunt downgraded Electrocomponents to a “reduce” rating and set a GBX 650 ($9.13) price target for the company. in a report on Tuesday, October 31st. Shore Capital reiterated a “sell” rating on shares of Electrocomponents in a research report on Tuesday, November 14th. Liberum Capital reiterated a “buy” rating and issued a GBX 680 ($9.55) price objective on shares of Electrocomponents in a research report on Tuesday, November 14th. Finally, Numis Securities reiterated an “add” rating and issued a GBX 705 ($9.90) 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 given a hold rating and one has issued a buy rating to the stock. Electrocomponents presently has a consensus rating of “Hold” and an average price target of GBX 622.40 ($8.74).
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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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