Electrocomponents (LON:ECM)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a note issued to investors on Monday. They presently have a GBX 650 ($8.49) price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 14.40% from the stock’s current price.
Several other equities research analysts have also issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 700 ($9.15) price target on shares of Electrocomponents in a research note on Wednesday, February 6th. Peel Hunt reaffirmed an “add” rating and set a GBX 610 ($7.97) price target (down previously from GBX 710 ($9.28)) on shares of Electrocomponents in a research note on Wednesday, February 6th. Shore Capital reaffirmed a “sell” rating on shares of Electrocomponents in a research note on Wednesday, February 6th. Liberum Capital reiterated a “buy” rating and issued a GBX 810 ($10.58) price objective on shares of Electrocomponents in a report on Wednesday, February 6th. Finally, Barclays decreased their price objective on Electrocomponents from GBX 725 ($9.47) to GBX 610 ($7.97) and set an “equal weight” rating on the stock in a report on Monday, January 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 721.88 ($9.43).
ECM stock traded up GBX 7 ($0.09) during mid-day trading on Monday, hitting GBX 568.20 ($7.42). 1,033,879 shares of the stock were exchanged, compared to its average volume of 1,240,000. Electrocomponents has a 12 month low of GBX 467.90 ($6.11) and a 12 month high of GBX 713.05 ($9.32).
Electrocomponents (LON:ECM) last issued its quarterly earnings results on Tuesday, November 20th. The company reported GBX 17.20 ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 17 ($0.22) by GBX 0.20 ($0.00).
In other Electrocomponents news, insider Lindsley Ruth purchased 10,000 shares of Electrocomponents stock in a transaction that occurred on Tuesday, November 20th. The shares were bought at an average price of GBX 561 ($7.33) per share, for a total transaction of £56,100 ($73,304.59). Also, insider Karen Guerra purchased 20,000 shares of Electrocomponents stock in a transaction that occurred on Monday, December 10th. The shares were acquired at an average price of GBX 501 ($6.55) per share, for a total transaction of £100,200 ($130,929.05).
Electrocomponents Company Profile
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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