Electrocomponents plc (LON:ECM) had its target price hoisted by Jefferies Group LLC from GBX 530 ($6.97) to GBX 600 ($7.89) in a report issued on Wednesday. The brokerage currently has a “hold” rating on the stock. Jefferies Group LLC’s target price would suggest a potential downside of 7.90% from the stock’s previous close.
A number of other equities analysts also recently commented on the stock. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 705 ($9.27) target price on shares of Electrocomponents plc in a research note on Tuesday. Peel Hunt reaffirmed a “reduce” rating and set a GBX 650 ($8.55) target price on shares of Electrocomponents plc in a research note on Tuesday. Liberum Capital reaffirmed a “buy” rating and set a GBX 680 ($8.94) target price on shares of Electrocomponents plc in a research note on Tuesday. Shore Capital reaffirmed a “sell” rating on shares of Electrocomponents plc in a research note on Tuesday. Finally, Credit Suisse Group lifted their price target on shares of Electrocomponents plc from GBX 520 ($6.84) to GBX 575 ($7.56) and gave the company an “underperform” rating in a research report on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Electrocomponents plc presently has a consensus rating of “Hold” and a consensus price target of GBX 624.33 ($8.21).
Shares of Electrocomponents plc (LON ECM) traded down GBX 5 ($0.07) during mid-day trading on Wednesday, reaching GBX 651.50 ($8.57). 509,927 shares of the company’s stock were exchanged, compared to its average volume of 1,050,000. Electrocomponents plc has a one year low of GBX 368 ($4.84) and a one year high of GBX 713.05 ($9.38).
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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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