Electrocomponents (LON:ECM) Upgraded to Overweight at JPMorgan Chase & Co.
JPMorgan Chase & Co. upgraded shares of Electrocomponents (LON:ECM) to an overweight rating in a report published on Thursday morning, Stock Target Advisor reports. The brokerage currently has GBX 774 ($10.18) price objective on the stock, up from their previous price objective of GBX 651 ($8.56).
Several other brokerages have also recently issued reports on ECM. Peel Hunt cut shares of Electrocomponents to a hold rating and set a GBX 650 ($8.55) price target on the stock. in a research report on Tuesday, November 12th. Barclays increased their price target on shares of Electrocomponents from GBX 640 ($8.42) to GBX 646 ($8.50) and gave the stock an equal weight rating in a research report on Thursday, November 14th. Liberum Capital reissued a buy rating and set a GBX 810 ($10.66) price target on shares of Electrocomponents in a research report on Tuesday, November 12th. Shore Capital reissued a sell rating on shares of Electrocomponents in a research report on Thursday, November 14th. Finally, UBS Group reissued a buy rating and set a GBX 775 ($10.19) price target (up previously from GBX 725 ($9.54)) on shares of Electrocomponents in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. Electrocomponents has an average rating of Hold and an average price target of GBX 708.33 ($9.32).
Shares of ECM traded down GBX 3 ($0.04) during mid-day trading on Thursday, hitting GBX 700 ($9.21). 388,622 shares of the company’s stock were exchanged, compared to its average volume of 1,240,000. The company has a market cap of $3.14 billion and a price-to-earnings ratio of 21.41. Electrocomponents has a fifty-two week low of GBX 522.80 ($6.88) and a fifty-two week high of GBX 729.80 ($9.60). The company has a debt-to-equity ratio of 47.89, a quick ratio of 0.83 and a current ratio of 1.55. The stock’s 50-day moving average is GBX 670.08 and its 200-day moving average is GBX 633.16.
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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