Shore Capital reissued their sell rating on shares of Electrocomponents (LON:ECM) in a research report report published on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other analysts have also weighed in on the stock. UBS Group reissued a buy rating and issued a GBX 750 ($9.23) price target (up previously from GBX 610 ($7.51)) on shares of Electrocomponents in a report on Wednesday, June 3rd. Barclays raised their price target on shares of Electrocomponents from GBX 646 ($7.95) to GBX 659 ($8.11) and gave the company an equal weight rating in a report on Friday, June 26th. Berenberg Bank reissued a buy rating on shares of Electrocomponents in a report on Friday, July 3rd. Royal Bank of Canada raised their price target on shares of Electrocomponents from GBX 500 ($6.15) to GBX 660 ($8.12) and gave the company a sector performer rating in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group raised their price target on shares of Electrocomponents from GBX 585 ($7.20) to GBX 820 ($10.09) and gave the company a buy rating in a report on Thursday, June 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of GBX 679.82 ($8.37).
LON:ECM opened at GBX 652 ($8.02) on Tuesday. The company has a current ratio of 1.83, a quick ratio of 1.05 and a debt-to-equity ratio of 54.40. The stock has a market capitalization of $2.89 billion and a P/E ratio of 18.66. The firm has a 50 day moving average of GBX 655.06 and a 200-day moving average of GBX 621.94. Electrocomponents has a 1 year low of GBX 397.30 ($4.89) and a 1 year high of GBX 731.20 ($9.00).
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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