UBS Group reiterated their buy rating on shares of Electrocomponents (LON:ECM) in a research note released on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other equities analysts have also weighed in on ECM. Shore Capital reiterated a sell rating on shares of Electrocomponents in a research report on Monday. Berenberg Bank increased their price target on Electrocomponents from GBX 715 ($9.41) to GBX 800 ($10.52) and gave the company a buy rating in a research report on Tuesday, February 11th. HSBC upgraded Electrocomponents to a buy rating in a research report on Tuesday. Jefferies Financial Group decreased their price target on Electrocomponents from GBX 730 ($9.60) to GBX 585 ($7.70) and set a buy rating for the company in a research report on Monday, March 16th. Finally, Peel Hunt reiterated a hold rating on shares of Electrocomponents in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. Electrocomponents has an average rating of Buy and an average target price of GBX 679.67 ($8.94).
LON:ECM opened at GBX 512.60 ($6.74) on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.55 and a debt-to-equity ratio of 47.89. Electrocomponents has a 1-year low of GBX 397.30 ($5.23) and a 1-year high of GBX 731.20 ($9.62). The firm has a market capitalization of $2.44 billion and a price-to-earnings ratio of 15.68. The stock has a fifty day simple moving average of GBX 602.94 and a 200 day simple moving average of GBX 646.85.
In other Electrocomponents news, insider Lindsley Ruth acquired 10,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was purchased at an average cost of GBX 484 ($6.37) per share, for a total transaction of £48,400 ($63,667.46).
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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