Electrocomponents (LON:ECM) Price Target Raised to GBX 650 at Peel Hunt

Electrocomponents (LON:ECM) had its price target lifted by investment analysts at Peel Hunt from GBX 630 ($8.23) to GBX 650 ($8.49) in a report issued on Friday, ThisIsMoney.Co.Uk reports. The brokerage currently has an “add” rating on the stock. Peel Hunt’s target price would suggest a potential upside of 5.69% from the company’s previous close.

A number of other research firms have also commented on ECM. Numis Securities reissued a “buy” rating on shares of Electrocomponents in a research report on Thursday, May 16th. Jefferies Financial Group increased their price target on Electrocomponents from GBX 700 ($9.15) to GBX 730 ($9.54) and gave the company a “buy” rating in a research report on Thursday, May 30th. Liberum Capital reissued a “buy” rating on shares of Electrocomponents in a research report on Tuesday, May 21st. Shore Capital reissued a “sell” rating on shares of Electrocomponents in a research report on Thursday, April 4th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 591 ($7.72) price target on shares of Electrocomponents in a research report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 712.63 ($9.31).

LON ECM opened at GBX 615 ($8.04) on Friday. The firm has a market capitalization of $2.72 billion and a P/E ratio of 18.52. Electrocomponents has a 12 month low of GBX 478.40 ($6.25) and a 12 month high of GBX 779.20 ($10.18). The company has a quick ratio of 1.08, a current ratio of 1.92 and a debt-to-equity ratio of 43.00.

In related news, insider Lindsley Ruth sold 19,630 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of GBX 597 ($7.80), for a total value of £117,191.10 ($153,130.93).

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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