The Electrocomponents plc (ECM) PT Raised to GBX 660

The Electrocomponents plc (ECM) PT Raised to GBX 660

A number of other brokerages have also recently commented on ECM. Shore Capital restated a “sell” rating on shares of Electrocomponents plc in a research report on Tuesday, May 23rd. Peel Hunt upped their price target on Electrocomponents plc from GBX 530 ($6.81) to GBX 580 ($7.45) and gave the stock an “add” rating in a research report on Tuesday, May 23rd. Numis Securities Ltd upped their price target on Electrocomponents plc from GBX 525 ($6.74) to GBX 550 ($7.06) and gave the stock a “hold” rating in a research report on Tuesday, May 23rd. Barclays PLC upgraded Electrocomponents plc to an “equal weight” rating and upped their price target for the stock from GBX 289 ($3.71) to GBX 567 ($7.28) in a research report on Thursday, May 11th. Finally, HSBC Holdings plc restated a “buy” rating and issued a GBX 520 ($6.68) price target on shares of Electrocomponents plc in a research report on Monday, April 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 484.67 ($6.23).

Electrocomponents plc (LON:ECM) had its price objective upped by research analysts at Liberum Capital from GBX 500 ($6.42) to GBX 660 ($8.48) in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Liberum Capital’s target price would indicate a potential upside of 9.45% from the company’s previous close.

Electrocomponents plc (LON ECM) opened at 599.50 on Thursday. The firm’s 50-day moving average price is GBX 538.37 and its 200-day moving average price is GBX 488.72. Electrocomponents plc has a 12-month low of GBX 236.40 and a 12-month high of GBX 605.00. The stock’s market cap is GBX 2.64 billion.

In other Electrocomponents plc news, insider Peter M. Johnson bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The stock was purchased at an average price of GBX 494 ($6.35) per share, for a total transaction of £14,820 ($19,036.61). About Electrocomponents plc

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:ECM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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