Liberum Capital reissued their buy rating on shares of Electrocomponents (LON:ECM) in a research note published on Monday morning. They currently have a GBX 680 ($9.53) price objective on the stock.
A number of other research firms have also recently commented on ECM. Peel Hunt cut Electrocomponents to a reduce rating and set a GBX 650 ($9.11) price objective for the company. in a research report on Tuesday, October 31st. Credit Suisse Group boosted their price objective on Electrocomponents from GBX 520 ($7.29) to GBX 575 ($8.06) and gave the company an underperform rating in a research report on Tuesday, October 10th. Numis Securities restated an add rating and issued a GBX 705 ($9.89) price objective on shares of Electrocomponents in a research report on Tuesday, November 14th. Shore Capital reaffirmed a sell rating on shares of Electrocomponents in a research note on Tuesday, November 14th. Finally, reaffirmed an add rating and issued a GBX 705 ($9.89) price target on shares of Electrocomponents in a research note on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 622.40 ($8.73).
Shares of Electrocomponents (ECM) opened at GBX 613.20 ($8.60) on Monday. The company has a market capitalization of $2,780.00 and a P/E ratio of 2,555.00. Electrocomponents has a 12-month low of GBX 464.17 ($6.51) and a 12-month high of GBX 713.05 ($10.00).
The company also recently declared a dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, November 30th were paid a GBX 5.25 ($0.07) dividend. This represents a dividend yield of 0.8%. The ex-dividend date was Thursday, November 30th.
In related news, insider Bertrand Bodson acquired 10,000 shares of the stock in a transaction on Tuesday, December 19th. The shares were bought at an average price of GBX 620 ($8.69) per share, with a total value of £62,000 ($86,932.14). Also, insider Lindsley Ruth sold 121,164 shares of the business’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of GBX 626 ($8.78), for a total value of £758,486.64 ($1,063,497.81). Insiders have acquired 28,100 shares of company stock worth $17,283,900 in the last three months.
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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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