Peel Hunt cut shares of Electrocomponents plc (LON:ECM) to a reduce rating in a report published on Tuesday morning. The firm currently has GBX 650 ($8.58) price target on the stock.

Other analysts have also issued research reports about the stock. Shore Capital reiterated a sell rating on shares of Electrocomponents plc in a research note on Monday, July 3rd. Numis Securities Ltd upgraded shares of Electrocomponents plc to an add rating and lifted their price objective for the company from GBX 630 ($8.31) to GBX 660 ($8.71) in a research note on Monday, July 3rd. Liberum Capital reiterated a buy rating and issued a GBX 660 ($8.71) price objective on shares of Electrocomponents plc in a research note on Monday, July 3rd. Jefferies Group LLC lifted their price objective on shares of Electrocomponents plc from GBX 510 ($6.73) to GBX 530 ($6.99) and gave the company a hold rating in a research note on Tuesday, July 4th. Finally, Credit Suisse Group lifted their price objective on shares of Electrocomponents plc from GBX 520 ($6.86) to GBX 575 ($7.59) and gave the company an underperform rating in a research note on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Electrocomponents plc has a consensus rating of Hold and a consensus target price of GBX 605.50 ($7.99).

Electrocomponents plc (LON:ECM) opened at 695.50 on Tuesday. Electrocomponents plc has a 12-month low of GBX 355.60 and a 12-month high of GBX 710.00. The firm’s market cap is GBX 3.06 billion. The stock has a 50 day moving average of GBX 666.38 and a 200 day moving average of GBX 609.17.

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Electrocomponents plc Company Profile

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.

Analyst Recommendations for Electrocomponents plc (LON:ECM)

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