Electrocomponents plc (LON:ECM) PT Raised to GBX 610 at Peel Hunt

Electrocomponents plc (LON:ECM) had its target price boosted by analysts at Peel Hunt from GBX 580 ($7.56) to GBX 610 ($7.95) in a report released on Monday, July 3rd. The firm currently has an “add” rating on the stock. Peel Hunt’s price objective indicates a potential downside of 1.53% from the company’s current price.

Several other research firms have also commented on ECM. Credit Suisse Group increased their target price on Electrocomponents plc from GBX 425 ($5.54) to GBX 520 ($6.77) and gave the company an “underperform” rating in a research report on Tuesday, June 6th. Barclays PLC raised their price objective on Electrocomponents plc from GBX 567 ($7.39) to GBX 604 ($7.87) and gave the company an “equal weight” rating in a report on Monday, June 26th. Liberum Capital raised their price objective on Electrocomponents plc from GBX 500 ($6.51) to GBX 660 ($8.60) and gave the company a “buy” rating in a report on Thursday, June 1st. Numis Securities Ltd raised Electrocomponents plc to an “add” rating and raised their target price for the stock from GBX 630 ($8.21) to GBX 660 ($8.60) in a research note on Monday, July 3rd. Finally, UBS AG raised their price objective on Electrocomponents plc from GBX 510 ($6.64) to GBX 550 ($7.17) and gave the stock a “neutral” rating in a research report on Wednesday, May 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 540.90 ($7.05).

Shares of Electrocomponents plc (ECM) traded down 1.12% during mid-day trading on Monday, reaching GBX 619.50. 744,908 shares of the company’s stock were exchanged. Electrocomponents plc has a 52-week low of GBX 281.60 and a 52-week high of GBX 639.50. The firm’s market cap is GBX 2.73 billion. The company has a 50 day moving average price of GBX 602.53 and a 200 day moving average price of GBX 530.84.

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Electrocomponents plc Company Profile

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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