Electrocomponents plc (ECM) Given New GBX 530 Price Target at Peel Hunt

Electrocomponents plc (LON:ECM) had its target price hoisted by Peel Hunt from GBX 515 ($6.48) to GBX 530 ($6.67) in a research report released on Thursday. They currently have an add rating on the stock.

A number of other equities research analysts have also weighed in on the company. Numis Securities Ltd lowered Electrocomponents plc to a hold rating and boosted their price objective for the stock from GBX 420 ($5.29) to GBX 500 ($6.29) in a research report on Thursday, January 12th. Liberum Capital restated a buy rating and set a GBX 500 ($6.29) price objective on shares of Electrocomponents plc in a research report on Friday, January 27th. Finally, Shore Capital restated a sell rating on shares of Electrocomponents plc in a research report on Friday, February 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 427.67 ($5.38).

Electrocomponents plc (LON:ECM) traded up 0.10% during trading on Thursday, reaching GBX 503.00. 1,177,304 shares of the company’s stock were exchanged. The company’s market capitalization is GBX 2.21 billion. Electrocomponents plc has a 52-week low of GBX 236.40 and a 52-week high of GBX 518.88. The stock’s 50-day moving average price is GBX 486.30 and its 200-day moving average price is GBX 451.67.

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In related news, insider Peter M. Johnson acquired 3,000 shares of the stock in a transaction dated Friday, March 17th. The stock was purchased at an average cost of GBX 494 ($6.22) per share, with a total value of £14,820 ($18,653.24). Also, insider Karen Guerra acquired 5,226 shares of the stock in a transaction dated Tuesday, February 14th. The stock was bought at an average cost of GBX 479 ($6.03) per share, with a total value of £25,032.54 ($31,507.29).

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.

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