Electrocomponents (LON:ECM)‘s stock had its “sell” rating reissued by stock analysts at Shore Capital in a note issued to investors on Thursday, Digital Look reports.
Several other research analysts have also commented on the stock. Royal Bank of Canada dropped their price objective on shares of Electrocomponents from GBX 660 ($8.62) to GBX 625 ($8.17) and set a “sector performer” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of Electrocomponents from GBX 661 ($8.64) to GBX 651 ($8.51) and set a “neutral” rating for the company in a research note on Wednesday. Peel Hunt lowered shares of Electrocomponents to a “hold” rating and set a GBX 650 ($8.49) price objective for the company. in a research note on Tuesday. Liberum Capital reiterated a “buy” rating and set a GBX 810 ($10.58) target price on shares of Electrocomponents in a research report on Tuesday. Finally, Barclays lifted their target price on Electrocomponents from GBX 640 ($8.36) to GBX 646 ($8.44) and gave the stock an “equal weight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 686.89 ($8.98).
LON ECM opened at GBX 634.40 ($8.29) on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.55 and a debt-to-equity ratio of 47.89. The company has a fifty day moving average of GBX 660.12 and a two-hundred day moving average of GBX 619.88. The firm has a market capitalization of $2.81 billion and a price-to-earnings ratio of 19.40. Electrocomponents has a 52 week low of GBX 478.40 ($6.25) and a 52 week high of GBX 729.80 ($9.54).
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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