Peel Hunt Reaffirms “Add” Rating for Electrocomponents (LON:ECM)

Peel Hunt reissued their add rating on shares of Electrocomponents (LON:ECM) in a research note published on Tuesday, ThisIsMoney.Co.Uk reports.

Several other brokerages have also weighed in on ECM. Barclays increased their target price on shares of Electrocomponents from GBX 610 ($7.97) to GBX 640 ($8.36) and gave the stock an equal weight rating in a research note on Thursday, June 27th. UBS Group reaffirmed a buy rating on shares of Electrocomponents in a research note on Friday, October 4th. Peel Hunt reaffirmed an add rating and set a GBX 650 ($8.49) target price on shares of Electrocomponents in a research note on Wednesday, July 3rd. Liberum Capital reaffirmed a buy rating on shares of Electrocomponents in a research note on Tuesday. Finally, Berenberg Bank reissued a buy rating and set a GBX 715 ($9.34) price target on shares of Electrocomponents in a research report on Thursday, July 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Electrocomponents currently has an average rating of Hold and an average price target of GBX 695.13 ($9.08).

Shares of ECM stock opened at GBX 652.80 ($8.53) on Tuesday. The company has a debt-to-equity ratio of 43.00, a current ratio of 1.92 and a quick ratio of 1.08. The firm has a market cap of $2.91 billion and a PE ratio of 19.66. The company has a 50-day moving average of GBX 614.45 and a two-hundred day moving average of GBX 607.90. Electrocomponents has a 1-year low of GBX 478.40 ($6.25) and a 1-year high of GBX 750.80 ($9.81).

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

Electrocomponents Company Profile

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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Analyst Recommendations for Electrocomponents (LON:ECM)

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