Peel Hunt Downgrades Electrocomponents plc (ECM) to Reduce

Peel Hunt lowered shares of Electrocomponents plc (LON:ECM) to a reduce rating in a report published on Tuesday, October 31st. The brokerage currently has GBX 650 ($8.55) price objective on the stock.

A number of other equities analysts also recently commented on the stock. Shore Capital reaffirmed a sell rating on shares of Electrocomponents plc in a report on Monday, July 3rd. Jefferies Group LLC lifted their price objective on shares of Electrocomponents plc from GBX 510 ($6.71) to GBX 530 ($6.97) and gave the stock a hold rating in a report on Tuesday, July 4th. Numis Securities Ltd raised shares of Electrocomponents plc to an add rating and lifted their price objective for the stock from GBX 630 ($8.29) to GBX 660 ($8.68) in a report on Monday, July 3rd. Liberum Capital reaffirmed a buy rating and issued a GBX 660 ($8.68) price objective on shares of Electrocomponents plc in a report on Monday, July 3rd. Finally, Credit Suisse Group lifted their price objective on shares of Electrocomponents plc from GBX 520 ($6.84) to GBX 575 ($7.56) and gave the stock an underperform rating in a report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of GBX 605.50 ($7.96).

Shares of Electrocomponents plc (LON:ECM) opened at GBX 682.83 ($8.98) on Tuesday. Electrocomponents plc has a twelve month low of GBX 363.10 ($4.78) and a twelve month high of GBX 713.05 ($9.38).

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About Electrocomponents plc

Electrocomponents plc is a service distributor. The Company’s segments include Northern Europe, Southern Europe, Central Europe, Asia Pacific (APAC) and Emerging Markets, and North America. Its Northern Europe’s hub is the United Kingdom, with associated local markets in Denmark, Norway, Sweden and Republic of Ireland.

Analyst Recommendations for Electrocomponents plc (LON:ECM)

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