Insider Buying: Electrocomponents plc (ECM) Insider Purchases £60,700 in Stock

Electrocomponents plc (LON:ECM) insider Simon Pryce purchased 10,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was purchased at an average price of GBX 607 ($8.17) per share, with a total value of £60,700 ($81,695.83).

Shares of Electrocomponents plc (LON ECM) opened at GBX 619.50 ($8.34) on Friday. The stock has a market cap of $2,740.00 and a PE ratio of 2,581.25. Electrocomponents plc has a 12 month low of GBX 464.17 ($6.25) and a 12 month high of GBX 713.05 ($9.60).

The business also recently announced a dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, November 30th will be paid a dividend of GBX 5.25 ($0.07) per share. This represents a dividend yield of 0.8%. The ex-dividend date is Thursday, November 30th.

ECM has been the subject of a number of recent analyst reports. Berenberg Bank initiated coverage on shares of Electrocomponents in a research note on Tuesday, December 12th. They issued a “hold” rating and a GBX 590 ($7.94) price target for the company. Numis Securities increased their price target on shares of Electrocomponents from GBX 660 ($8.88) to GBX 705 ($9.49) and gave the company an “add” rating in a research note on Tuesday, October 3rd. Credit Suisse Group increased their price target on shares of Electrocomponents from GBX 520 ($7.00) to GBX 575 ($7.74) and gave the company an “underperform” rating in a research note on Tuesday, October 10th. Liberum Capital increased their price target on shares of Electrocomponents from GBX 660 ($8.88) to GBX 680 ($9.15) and gave the company a “buy” rating in a research note on Tuesday, October 3rd. Finally, Peel Hunt upgraded shares of Electrocomponents to a “hold” rating and set a GBX 650 ($8.75) target price for the company in a research note on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 620.90 ($8.36).

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About Electrocomponents

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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