Electrocomponents (LON:ECM) Receives “Add” Rating from Peel Hunt

Peel Hunt reissued their add rating on shares of Electrocomponents (LON:ECM) in a research note released on Tuesday, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also recently issued reports on ECM. Shore Capital reiterated a sell rating on shares of Electrocomponents in a report on Tuesday, June 2nd. Jefferies Financial Group raised their target price on Electrocomponents from GBX 585 ($7.20) to GBX 820 ($10.09) and gave the stock a buy rating in a report on Thursday, June 4th. HSBC raised their target price on Electrocomponents from GBX 480 ($5.91) to GBX 625 ($7.69) and gave the stock a hold rating in a report on Tuesday, May 26th. UBS Group restated a buy rating and set a GBX 750 ($9.23) target price (up previously from GBX 610 ($7.51)) on shares of Electrocomponents in a report on Wednesday, June 3rd. Finally, Peel Hunt raised their target price on Electrocomponents from GBX 550 ($6.77) to GBX 700 ($8.61) and gave the stock an add rating in a report on Tuesday, June 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Electrocomponents currently has a consensus rating of Hold and an average price target of GBX 679.82 ($8.37).

Electrocomponents stock opened at GBX 652 ($8.02) on Tuesday. The business’s 50-day simple moving average is GBX 655.06 and its 200 day simple moving average is GBX 621.94. The stock has a market cap of $2.89 billion and a price-to-earnings ratio of 18.66. Electrocomponents has a 12-month low of GBX 397.30 ($4.89) and a 12-month high of GBX 731.20 ($9.00). The company has a quick ratio of 1.05, a current ratio of 1.83 and a debt-to-equity ratio of 54.40.

In other news, insider David Egan sold 4,210 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of GBX 664 ($8.17), for a total transaction of £27,954.40 ($34,401.18).

About Electrocomponents

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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Analyst Recommendations for Electrocomponents (LON:ECM)

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