Electrocomponents (ECM) Receives GBX 620.57 Consensus Price Target from Analysts

Electrocomponents (LON:ECM) has been assigned an average rating of “Hold” from the ten research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 620.57 ($8.89).

Several brokerages recently commented on ECM. Numis Securities upgraded Electrocomponents to a “buy” rating and set a GBX 705 ($10.09) target price on the stock in a report on Thursday, April 5th. Peel Hunt reaffirmed a “hold” rating and set a GBX 650 ($9.31) target price on shares of Electrocomponents in a research report on Monday, February 5th. Credit Suisse Group upped their target price on Electrocomponents from GBX 575 ($8.23) to GBX 590 ($8.45) and gave the stock an “underperform” rating in a research report on Wednesday, January 3rd. Liberum Capital reaffirmed a “buy” rating on shares of Electrocomponents in a research report on Thursday, April 5th. Finally, Shore Capital reaffirmed a “sell” rating on shares of Electrocomponents in a research report on Monday, February 5th.

Electrocomponents stock traded down GBX 3.40 ($0.05) during midday trading on Friday, reaching GBX 614 ($8.79). The company’s stock had a trading volume of 412,336 shares, compared to its average volume of 1,240,000. Electrocomponents has a 52 week low of GBX 467.90 ($6.70) and a 52 week high of GBX 713.05 ($10.21).

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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, North America, and internationally. 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.

Analyst Recommendations for Electrocomponents (LON:ECM)

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