Electrocomponents plc (LON:ECM) had its target price increased by equities researchers at Liberum Capital from GBX 660 ($8.75) to GBX 680 ($9.02) in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Liberum Capital’s price objective indicates a potential upside of 0.07% from the stock’s current price.

A number of other research firms have also weighed in on ECM. Credit Suisse Group lifted their price objective on shares of Electrocomponents plc from GBX 425 ($5.64) to GBX 520 ($6.90) and gave the company an “underperform” rating in a research note on Tuesday, June 6th. Jefferies Group LLC lifted their price objective on shares of Electrocomponents plc from GBX 510 ($6.76) to GBX 530 ($7.03) and gave the company a “hold” rating in a research note on Tuesday, July 4th. Barclays PLC lifted their price objective on shares of Electrocomponents plc from GBX 567 ($7.52) to GBX 604 ($8.01) and gave the company an “equal weight” rating in a research note on Monday, June 26th. Shore Capital reiterated a “sell” rating on shares of Electrocomponents plc in a research note on Monday, July 3rd. Finally, Peel Hunt raised their price target on shares of Electrocomponents plc from GBX 580 ($7.69) to GBX 610 ($8.09) and gave the company an “add” rating in a report on Monday, July 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 551.40 ($7.31).

Shares of Electrocomponents plc (LON ECM) opened at 682.50 on Tuesday. Electrocomponents plc has a 52 week low of GBX 355.60 and a 52 week high of GBX 685.00. The company’s market capitalization is GBX 3.01 billion. The company has a 50 day moving average price of GBX 631.97 and a 200 day moving average price of GBX 580.36.

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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.

Analyst Recommendations for Electrocomponents plc (LON:ECM)

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