Electrocomponents plc (ECM) PT Raised to GBX 550 at Numis Securities Ltd

Electrocomponents plc (LON:ECM) had its price target hoisted by investment analysts at Numis Securities Ltd from GBX 525 ($6.69) to GBX 550 ($7.01) in a note issued to investors on Tuesday, May 23rd. The brokerage currently has a “hold” rating on the stock. Numis Securities Ltd’s price objective points to a potential downside of 5.66% from the company’s previous close.

A number of other analysts have also issued reports on ECM. Liberum Capital restated a “buy” rating and set a GBX 500 ($6.37) target price on shares of Electrocomponents plc in a research report on Friday, February 10th. Shore Capital restated a “sell” rating on shares of Electrocomponents plc in a research report on Friday, February 10th. HSBC Holdings plc restated a “buy” rating and set a GBX 520 ($6.63) target price on shares of Electrocomponents plc in a research report on Monday, April 10th. Barclays PLC upgraded shares of Electrocomponents plc to an “equal weight” rating and raised their target price for the stock from GBX 289 ($3.68) to GBX 567 ($7.22) in a research report on Thursday, May 11th. Finally, Peel Hunt raised their target price on shares of Electrocomponents plc from GBX 500 ($6.37) to GBX 515 ($6.56) and gave the stock an “add” rating in a research report on Friday, February 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 509.11 ($6.49).

Analyst Recommendations for Electrocomponents plc (LON:ECM)

Shares of Electrocomponents plc (LON ECM) traded down 2.43% on Tuesday, reaching GBX 583.00. The company’s stock had a trading volume of 1,153,740 shares. The company’s market capitalization is GBX 2.57 billion. The company’s 50-day moving average is GBX 567.53 and its 200 day moving average is GBX 504.68. Electrocomponents plc has a 12-month low of GBX 236.40 and a 12-month high of GBX 619.00.

The business also recently declared a dividend, which will be paid on Wednesday, July 26th. Shareholders 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 of this dividend is Thursday, June 15th. This is a positive change from Electrocomponents plc’s previous dividend of $5.00.

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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.

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