Electrocomponents plc (ECM) Receives Consensus Rating of “Hold” from Brokerages

Electrocomponents plc (LON:ECM) has received an average rating of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 509.11 ($6.44).

A number of research firms recently weighed in on ECM. Credit Suisse Group boosted their price target on shares of Electrocomponents plc from GBX 425 ($5.38) to GBX 520 ($6.58) and gave the stock an “underperform” rating in a research note on Tuesday, June 6th. Liberum Capital boosted their price target on shares of Electrocomponents plc from GBX 500 ($6.33) to GBX 660 ($8.35) and gave the stock a “buy” rating in a research note on Thursday, June 1st. Numis Securities Ltd boosted their price target on shares of Electrocomponents plc from GBX 525 ($6.64) to GBX 550 ($6.96) and gave the stock a “hold” rating in a research note on Tuesday, May 23rd. Peel Hunt boosted their price objective on shares of Electrocomponents plc from GBX 530 ($6.70) to GBX 580 ($7.34) and gave the company an “add” rating in a report on Tuesday, May 23rd. Finally, Shore Capital restated a “sell” rating on shares of Electrocomponents plc in a report on Tuesday, May 23rd.

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Shares of Electrocomponents plc (LON ECM) opened at 590.50 on Monday. The company’s market capitalization is GBX 2.60 billion. The company’s 50-day moving average is GBX 563.51 and its 200-day moving average is GBX 501.78. Electrocomponents plc has a one year low of GBX 236.40 and a one year high of GBX 619.00.

The business also recently declared a dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Thursday, June 15th will be issued a GBX 7.30 ($0.09) dividend. This represents a dividend yield of 1.33%. The ex-dividend date is Thursday, June 15th. This is a boost from Electrocomponents plc’s previous dividend of $5.00.

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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