Electrocomponents plc (LON:ECM)‘s stock had its “reduce” rating reiterated by Peel Hunt in a note issued to investors on Tuesday. They presently have a GBX 650 ($8.55) price objective on the stock. Peel Hunt’s target price would indicate a potential downside of 4.41% from the company’s previous close.
Several other equities research analysts have also issued reports on the stock. Shore Capital reaffirmed a “sell” rating on shares of Electrocomponents plc in a report on Tuesday. Liberum Capital reaffirmed a “buy” rating and set a GBX 680 ($8.94) price target on shares of Electrocomponents plc in a report on Tuesday. Credit Suisse Group lifted their price target on shares of Electrocomponents plc from GBX 520 ($6.84) to GBX 575 ($7.56) and gave the company an “underperform” rating in a report on Tuesday, October 10th. Finally, Numis Securities Ltd lifted their price target on shares of Electrocomponents plc from GBX 660 ($8.68) to GBX 705 ($9.27) and gave the company an “add” rating in a report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Electrocomponents plc currently has a consensus rating of “Hold” and an average price target of GBX 605.50 ($7.96).
Electrocomponents plc (LON:ECM) opened at GBX 680 ($8.94) on Tuesday. Electrocomponents plc has a 12-month low of GBX 363.10 ($4.78) and a 12-month high of GBX 713.05 ($9.38).
About Electrocomponents plc
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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