Eleco (LON:ELCO) Receives Buy Rating from Canaccord Genuity Group

Eleco (LON:ELCOGet Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity Group in a research note issued on Thursday,Digital Look reports. They currently have a GBX 205 price objective on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 60.66% from the company’s current price.

Eleco Stock Up 11.0%

LON:ELCO opened at GBX 127.60 on Thursday. The stock has a 50-day simple moving average of GBX 121.96 and a 200 day simple moving average of GBX 126.40. Eleco has a 52-week low of GBX 101 and a 52-week high of GBX 179. The company has a market cap of £106.52 million, a PE ratio of 79.75 and a beta of 0.72. The company has a debt-to-equity ratio of 3.78, a quick ratio of 1.23 and a current ratio of 1.00.

Eleco (LON:ELCOGet Free Report) last released its earnings results on Tuesday, April 28th. The company reported GBX 6.30 EPS for the quarter. Eleco had a return on equity of 4.16% and a net margin of 3.39%.The firm had revenue of GBX 3,882 million for the quarter. On average, sell-side analysts expect that Eleco will post 6 EPS for the current fiscal year.

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