Liberum Capital Reaffirms Buy Rating for Electrocomponents plc (ECM)

Liberum Capital reiterated their buy rating on shares of Electrocomponents plc (LON:ECM) in a report released on Wednesday, April 12th. They currently have a GBX 500 ($6.45) target price on the stock.

A number of other analysts also recently weighed in on ECM. Numis Securities Ltd downgraded Electrocomponents plc to a hold rating and boosted their target price for the stock from GBX 420 ($5.42) to GBX 500 ($6.45) in a research report on Thursday, January 12th. Peel Hunt boosted their target price on Electrocomponents plc from GBX 420 ($5.42) to GBX 500 ($6.45) and gave the stock an add rating in a research report on Tuesday, January 24th. Shore Capital restated a sell rating on shares of Electrocomponents plc in a research report on Friday, February 10th. Finally, HSBC Holdings plc restated a buy rating and issued a GBX 520 ($6.71) target price on shares of Electrocomponents plc in a research report on Monday, April 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of GBX 458.56 ($5.92).

Electrocomponents plc (LON:ECM) traded down 1.48% during trading on Wednesday, hitting GBX 533.50. 467,732 shares of the company traded hands. The stock has a 50 day moving average price of GBX 508.10 and a 200 day moving average price of GBX 472.27. Electrocomponents plc has a 12-month low of GBX 236.40 and a 12-month high of GBX 545.50. The company’s market capitalization is GBX 2.35 billion.

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In related news, insider Peter M. Johnson bought 3,000 shares of the business’s stock in a transaction dated Friday, March 17th. The shares were purchased at an average cost of GBX 494 ($6.38) per share, with a total value of £14,820 ($19,129.99).

Electrocomponents plc Company Profile

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.

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