Electrocomponents’ (ECM) “Add” Rating Reaffirmed at Numis Securities
A number of other equities analysts have also recently commented on ECM. Peel Hunt increased their target price on Electrocomponents from GBX 610 ($8.21) to GBX 650 ($8.75) and gave the company an add rating in a report on Tuesday, October 3rd. Credit Suisse Group increased their price target on Electrocomponents from GBX 520 ($7.00) to GBX 575 ($7.74) and gave the company an underperform rating in a report on Tuesday, October 10th. Liberum Capital increased their price target on Electrocomponents from GBX 660 ($8.88) to GBX 680 ($9.15) and gave the company a buy rating in a report on Tuesday, October 3rd. Jefferies Group increased their price target on Electrocomponents from GBX 530 ($7.13) to GBX 600 ($8.08) and gave the company a hold rating in a report on Wednesday, November 15th. Finally, reaffirmed an add rating and issued a GBX 705 ($9.49) price target on shares of Electrocomponents in a report on Tuesday, November 14th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Electrocomponents currently has an average rating of Hold and an average target price of GBX 624.33 ($8.40).
Shares of Electrocomponents (ECM) traded down GBX 10 ($0.13) during trading on Monday, hitting GBX 621 ($8.36). The company’s stock had a trading volume of 1,404,671 shares, compared to its average volume of 1,090,000. Electrocomponents has a fifty-two week low of GBX 433.20 ($5.83) and a fifty-two week high of GBX 713.05 ($9.60).
The business also recently declared a dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, November 30th will be issued a GBX 5.25 ($0.07) dividend. The ex-dividend date is Thursday, November 30th. This represents a dividend yield of 0.8%.
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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.
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