Jefferies Group LLC Raises Electrocomponents plc (LON:ECM) Price Target to GBX 530

Electrocomponents plc (LON:ECM) had its price objective raised by Jefferies Group LLC from GBX 510 ($6.66) to GBX 530 ($6.92) in a report released on Tuesday, July 4th. Jefferies Group LLC currently has a hold rating on the stock.

Several other analysts have also issued reports on ECM. Liberum Capital reissued a buy rating and set a GBX 500 ($6.53) target price on shares of Electrocomponents plc in a report on Thursday, April 6th. Shore Capital reissued a sell rating on shares of Electrocomponents plc in a report on Thursday, April 6th. Peel Hunt increased their target price on Electrocomponents plc from GBX 515 ($6.72) to GBX 530 ($6.92) and gave the stock an add rating in a report on Thursday, April 6th. Numis Securities Ltd increased their target price on Electrocomponents plc from GBX 500 ($6.53) to GBX 525 ($6.86) and gave the stock a hold rating in a report on Thursday, April 6th. Finally, UBS AG upped their price objective on Electrocomponents plc from GBX 490 ($6.40) to GBX 510 ($6.66) and gave the stock a neutral rating in a research report on Friday, April 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of GBX 540.90 ($7.06).

Shares of Electrocomponents plc (LON ECM) opened at 628.50 on Tuesday. The stock has a 50 day moving average of GBX 597.88 and a 200-day moving average of GBX 524.16. Electrocomponents plc has a one year low of GBX 276.20 and a one year high of GBX 639.50. The firm’s market capitalization is GBX 2.77 billion.

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The business also recently disclosed a dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Thursday, June 15th will be given a dividend of GBX 7.30 ($0.10) per share. This represents a dividend yield of 1.33%. This is an increase from Electrocomponents plc’s previous dividend of $5.00. The ex-dividend date of this dividend is Thursday, June 15th.

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.

Analyst Recommendations for Electrocomponents plc (LON:ECM)

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