Peel Hunt reaffirmed their hold rating on shares of Electrocomponents (LON:ECM) in a research note released on Monday morning, ThisIsMoney.Co.Uk reports.
A number of other research analysts have also recently weighed in on the stock. Liberum Capital restated a buy rating on shares of Electrocomponents in a report on Tuesday, February 4th. Shore Capital restated a sell rating on shares of Electrocomponents in a report on Tuesday, February 4th. Berenberg Bank lifted their price objective on shares of Electrocomponents from GBX 715 ($9.41) to GBX 800 ($10.52) and gave the company a buy rating in a report on Tuesday, February 11th. HSBC restated a hold rating on shares of Electrocomponents in a report on Monday, January 13th. Finally, UBS Group restated a buy rating on shares of Electrocomponents in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. Electrocomponents presently has a consensus rating of Buy and an average target price of GBX 679.67 ($8.94).
Shares of ECM opened at GBX 515 ($6.77) on Monday. The company’s 50-day simple moving average is GBX 602.94 and its 200-day simple moving average is GBX 646.85. The company has a debt-to-equity ratio of 47.89, a quick ratio of 0.83 and a current ratio of 1.55. Electrocomponents has a 1 year low of GBX 397.30 ($5.23) and a 1 year high of GBX 731.20 ($9.62). The stock has a market capitalization of $2.30 billion and a PE ratio of 15.75.
In other Electrocomponents news, insider Lindsley Ruth acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average price of GBX 484 ($6.37) per share, for a total transaction of £48,400 ($63,667.46).
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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