Electrocomponents plc (ECM) PT Raised to GBX 705 at Numis Securities Ltd
Electrocomponents plc (LON:ECM) had its price target increased by equities research analysts at Numis Securities Ltd from GBX 660 ($8.75) to GBX 705 ($9.35) in a research note issued on Tuesday. The firm currently has an “add” rating on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 3.75% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the stock. Shore Capital reaffirmed a “sell” rating on shares of Electrocomponents plc in a research report on Monday, July 3rd. Barclays PLC upped their price objective on shares of Electrocomponents plc from GBX 567 ($7.52) to GBX 604 ($8.01) and gave the stock an “equal weight” rating in a research report on Monday, June 26th. Jefferies Group LLC upped their price objective on shares of Electrocomponents plc from GBX 510 ($6.76) to GBX 530 ($7.03) and gave the stock a “hold” rating in a research report on Tuesday, July 4th. Credit Suisse Group upped their price objective on shares of Electrocomponents plc from GBX 425 ($5.64) to GBX 520 ($6.90) and gave the stock an “underperform” rating in a research report on Tuesday, June 6th. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 660 ($8.75) price objective on shares of Electrocomponents plc in a research report on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Electrocomponents plc currently has an average rating of “Hold” and an average target price of GBX 551.40 ($7.31).
Electrocomponents plc (ECM) opened at 679.50 on Tuesday. The company’s 50-day moving average is GBX 631.97 and its 200 day moving average is GBX 580.36. Electrocomponents plc has a one year low of GBX 355.60 and a one year high of GBX 684.00. The company’s market capitalization is GBX 2.99 billion.
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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.
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