Peel Hunt restated their add rating on shares of Electrocomponents (LON:ECM) in a research report sent to investors on Thursday, April 4th, ThisIsMoney.Co.Uk reports. The firm currently has a GBX 610 ($7.97) target price on the stock.
A number of other brokerages also recently commented on ECM. Jefferies Financial Group upgraded Electrocomponents to a buy rating and cut their price objective for the company from GBX 740 ($9.67) to GBX 700 ($9.15) in a research report on Tuesday, January 8th. UBS Group upgraded Electrocomponents to a buy rating and cut their price objective for the company from GBX 770 ($10.06) to GBX 650 ($8.49) in a research report on Tuesday, January 8th. Liberum Capital reiterated a buy rating and set a GBX 810 ($10.58) price objective on shares of Electrocomponents in a research report on Wednesday, February 6th. Berenberg Bank upgraded Electrocomponents to a buy rating and cut their price objective for the company from GBX 770 ($10.06) to GBX 650 ($8.49) in a research report on Tuesday, January 29th. Finally, Barclays cut their price objective on Electrocomponents from GBX 725 ($9.47) to GBX 610 ($7.97) and set an equal weight rating for the company in a research report on Monday, January 28th. 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 company’s stock. Electrocomponents has an average rating of Hold and an average target price of GBX 721.88 ($9.43).
ECM traded up GBX 7.20 ($0.09) during trading on Thursday, reaching GBX 639.20 ($8.35). The stock had a trading volume of 921,729 shares, compared to its average volume of 1,240,000. The company has a market capitalization of $2.80 billion and a price-to-earnings ratio of 17.23. The company has a debt-to-equity ratio of 48.92, a current ratio of 1.84 and a quick ratio of 1.09. Electrocomponents has a 1-year low of GBX 478.40 ($6.25) and a 1-year high of GBX 779.20 ($10.18).
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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