Peel Hunt Reaffirms “Hold” Rating for Electrocomponents (LON:ECM)
Peel Hunt restated their hold rating on shares of Electrocomponents (LON:ECM) in a research note released on Wednesday, January 3rd. Peel Hunt currently has a GBX 650 ($9.13) price objective on the stock.
A number of other research firms have also commented on ECM. Credit Suisse Group raised their price objective on Electrocomponents from GBX 520 ($7.30) to GBX 575 ($8.07) and gave the stock an underperform rating in a research note on Tuesday, October 10th. Numis Securities reiterated an add rating and issued a GBX 705 ($9.90) price target on shares of Electrocomponents in a research note on Tuesday, November 14th. Liberum Capital reiterated a buy rating and issued a GBX 680 ($9.55) price target on shares of Electrocomponents in a research note on Tuesday, November 14th. Shore Capital reiterated a sell rating on shares of Electrocomponents in a research note on Tuesday, November 14th. Finally, reiterated an add rating and issued a GBX 705 ($9.90) price target on shares of Electrocomponents in a research note on Tuesday, November 14th. Two equities research 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. The company has an average rating of Hold and an average price target of GBX 622.40 ($8.74).
Electrocomponents (ECM) traded up GBX 8 ($0.11) during trading hours on Wednesday, reaching GBX 628.60 ($8.83). The company had a trading volume of 1,229,766 shares, compared to its average volume of 873,907. Electrocomponents has a 1-year low of GBX 464.17 ($6.52) and a 1-year high of GBX 713.05 ($10.01). The firm has a market cap of $2,750.00 and a PE ratio of 2,619.17.
In related news, insider Simon Pryce bought 10,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were purchased at an average cost of GBX 607 ($8.52) per share, with a total value of £60,700 ($85,240.84). Also, insider Karen Guerra acquired 8,100 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was acquired at an average cost of GBX 619 ($8.69) per share, for a total transaction of £50,139 ($70,410.05). Insiders have acquired a total of 28,100 shares of company stock worth $17,283,900 over the last ninety days.
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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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