Electrocomponents (LON:ECM) Price Target Raised to GBX 661

Electrocomponents (LON:ECM) had its price objective increased by JPMorgan Chase & Co. from GBX 591 ($7.72) to GBX 661 ($8.64) in a research note published on Wednesday morning, Digital Look reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other analysts have also recently issued reports on the company. UBS Group reiterated a buy rating on shares of Electrocomponents in a research note on Friday, October 4th. Barclays raised their price target on Electrocomponents from GBX 610 ($7.97) to GBX 640 ($8.36) and gave the company an equal weight rating in a research note on Thursday, June 27th. Peel Hunt restated an add rating and issued a GBX 650 ($8.49) price target on shares of Electrocomponents in a research note on Wednesday, July 3rd. Liberum Capital restated a buy rating on shares of Electrocomponents in a research note on Tuesday. Finally, Shore Capital restated a sell rating on shares of Electrocomponents in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Electrocomponents presently has an average rating of Hold and a consensus price target of GBX 695.13 ($9.08).

Shares of LON ECM opened at GBX 652.80 ($8.53) on Wednesday. The stock has a market cap of $2.91 billion and a P/E ratio of 19.66. The company has a current ratio of 1.92, a quick ratio of 1.08 and a debt-to-equity ratio of 43.00. Electrocomponents has a 12-month low of GBX 478.40 ($6.25) and a 12-month high of GBX 750.80 ($9.81). The business’s fifty day simple moving average is GBX 614.45 and its 200-day simple moving average is GBX 607.90.

In other Electrocomponents news, insider David Egan sold 130,250 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of GBX 594 ($7.76), for a total value of £773,685 ($1,010,956.49).

About Electrocomponents

Electrocomponents plc, together with its subsidiaries, distributes various electronics and industrial products in Northern Europe, Southern Europe, Central Europe, the Asia Pacific, and the Americas. The company distributes semiconductor products, including microcontrollers, voltage regulators, transistors, and diodes; and interconnectors, passives, and electromechanical components, such as resistors, switches, and heavy-duty connectors for industrial applications and power supplies.

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