Electrocomponents (ECM) Lifted to Add at Peel Hunt

Peel Hunt upgraded shares of Electrocomponents (LON:ECM) to an add rating in a research note issued to investors on Tuesday.

A number of other brokerages have also recently issued reports on ECM. Numis Securities reissued a buy rating on shares of Electrocomponents in a research report on Thursday, October 4th. Shore Capital reaffirmed a sell rating on shares of Electrocomponents in a research note on Wednesday, November 14th. UBS Group reaffirmed a neutral rating on shares of Electrocomponents in a research note on Friday, September 28th. Liberum Capital reaffirmed a buy rating on shares of Electrocomponents in a research note on Tuesday. Finally, Jefferies Financial Group boosted their price target on Electrocomponents from GBX 600 ($7.84) to GBX 740 ($9.67) and gave the company a hold rating in a research note on Monday, August 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Electrocomponents has an average rating of Hold and an average price target of GBX 762.14 ($9.96).

Shares of Electrocomponents stock opened at GBX 544 ($7.11) on Tuesday. Electrocomponents has a 52-week low of GBX 467.90 ($6.11) and a 52-week high of GBX 713.05 ($9.32).

Electrocomponents (LON:ECM) last announced its earnings results on Tuesday, November 20th. The company reported GBX 17.20 ($0.22) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 17 ($0.22) by GBX 0.20 ($0.00).

The business also recently declared a dividend, which will be paid on Wednesday, January 9th. Investors of record on Thursday, November 29th will be paid a GBX 5.30 ($0.07) dividend. This represents a yield of 0.93%. The ex-dividend date is Thursday, November 29th.

In related news, insider Lindsley Ruth purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was acquired at an average price of GBX 561 ($7.33) per share, with a total value of £56,100 ($73,304.59).

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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Analyst Recommendations for Electrocomponents (LON:ECM)

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