Electrocomponents plc (ECM) Reaches New 12-Month High at $694.00

Electrocomponents plc (LON:ECM) hit a new 52-week high on Monday . The stock traded as high as GBX 694 ($9.12) and last traded at GBX 694 ($9.12), with a volume of 995,036 shares traded. The stock had previously closed at GBX 688 ($9.05).

Several equities research analysts have weighed in on the company. Credit Suisse Group increased their price target on Electrocomponents plc from GBX 520 ($6.84) to GBX 575 ($7.56) and gave the stock an “underperform” rating in a research report on Tuesday. Peel Hunt increased their price target on Electrocomponents plc from GBX 610 ($8.02) to GBX 650 ($8.55) and gave the stock an “add” rating in a research report on Tuesday, October 3rd. Numis Securities Ltd increased their price target on Electrocomponents plc from GBX 660 ($8.68) to GBX 705 ($9.27) and gave the stock an “add” rating in a research report on Tuesday, October 3rd. Liberum Capital increased their price target on Electrocomponents plc from GBX 660 ($8.68) to GBX 680 ($8.94) and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. Finally, Jefferies Group LLC increased their price target on Electrocomponents plc from GBX 510 ($6.71) to GBX 530 ($6.97) and gave the stock a “hold” rating in a research report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Electrocomponents plc has an average rating of “Hold” and an average target price of GBX 556.90 ($7.32).

The company’s 50 day moving average price is GBX 638.24 and its 200-day moving average price is GBX 586.28. The firm’s market cap is GBX 3.08 billion.

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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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