Eleco (LON:ELCO) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Shares of Eleco Plc (LON:ELCO) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 136.74 and traded as high as GBX 145. Eleco shares last traded at GBX 144.18, with a volume of 45,566 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their price target on shares of Eleco from GBX 176 to GBX 196 and gave the company a “buy” rating in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 196.

Eleco Stock Performance

The company has a market cap of £119.51 million, a P/E ratio of 32.04 and a beta of 0.82. The stock’s 50-day moving average price is GBX 136.74 and its 200-day moving average price is GBX 144.95. The company has a debt-to-equity ratio of 4.79, a current ratio of 1.01 and a quick ratio of 1.23.

Eleco Company Profile