Barclays Raises Electrocomponents (LON:ECM) Price Target to GBX 659
Electrocomponents (LON:ECM) had its target price lifted by Barclays from GBX 646 ($7.95) to GBX 659 ($8.11) in a research note released on Friday morning, Stock Target Advisor reports. They currently have an equal weight rating on the stock.
Several other equities analysts have also recently issued reports on ECM. Royal Bank of Canada upped their price objective on Electrocomponents from GBX 500 ($6.15) to GBX 660 ($8.12) and gave the company a sector performer rating in a research report on Wednesday, June 3rd. Peel Hunt upped their price objective on Electrocomponents from GBX 550 ($6.77) to GBX 700 ($8.61) and gave the company an add rating in a research report on Tuesday, June 2nd. UBS Group reaffirmed a buy rating and issued a GBX 750 ($9.23) price objective (up from GBX 610 ($7.51)) on shares of Electrocomponents in a research report on Wednesday, June 3rd. Liberum Capital reaffirmed a buy rating and issued a GBX 750 ($9.23) price objective on shares of Electrocomponents in a research report on Tuesday, June 2nd. Finally, Berenberg Bank reaffirmed a buy rating on shares of Electrocomponents in a research report on Friday, May 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 698.50 ($8.60).
Shares of ECM opened at GBX 673 ($8.28) on Friday. The company has a quick ratio of 1.09, a current ratio of 1.83 and a debt-to-equity ratio of 54.40. The business’s 50 day moving average price is GBX 634 and its 200-day moving average price is GBX 621.35. Electrocomponents has a 52 week low of GBX 397.30 ($4.89) and a 52 week high of GBX 731.20 ($9.00). The stock has a market cap of $3.00 billion and a P/E ratio of 19.45.
Electrocomponents Company Profile
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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