Electrocomponents (LON:ECM)‘s stock had its “buy” rating reissued by research analysts at UBS Group in a research note issued to investors on Friday, November 29th, ThisIsMoney.Co.Uk reports. They currently have a GBX 725 ($9.47) target price on the stock, up from their previous target price of GBX 705 ($9.21). UBS Group’s target price points to a potential upside of 10.69% from the company’s previous close.
A number of other research analysts have also issued reports on ECM. Shore Capital restated a “sell” rating on shares of Electrocomponents in a report on Thursday, November 14th. JPMorgan Chase & Co. reduced their price objective on shares of Electrocomponents from GBX 661 ($8.64) to GBX 651 ($8.51) and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Barclays lifted their target price on shares of Electrocomponents from GBX 640 ($8.36) to GBX 646 ($8.44) and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Royal Bank of Canada lowered their price objective on Electrocomponents from GBX 660 ($8.62) to GBX 625 ($8.17) and set a “sector performer” rating for the company in a research report on Wednesday, November 13th. Finally, Peel Hunt downgraded Electrocomponents to a “hold” rating and set a GBX 650 ($8.49) target price on the stock. in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 689.11 ($9.00).
Shares of Electrocomponents stock opened at GBX 655 ($8.56) on Friday. The company has a market capitalization of $2.92 billion and a P/E ratio of 20.03. The business has a 50 day moving average price of GBX 665.95 and a 200 day moving average price of GBX 621.68. Electrocomponents has a 1 year low of GBX 478.40 ($6.25) and a 1 year high of GBX 729.80 ($9.54). The company has a debt-to-equity ratio of 47.89, a current ratio of 1.55 and a quick ratio of 0.83.
Electrocomponents Company Profile
Electrocomponents plc, together with its subsidiaries, distributes various electronics and industrial products in Northern Europe, Southern Europe, Central Europe, the Asia Pacific, and the Americas. The company distributes semiconductor products, including microcontrollers, voltage regulators, transistors, and diodes; and interconnectors, passives, and electromechanical components, such as resistors, switches, and heavy-duty connectors for industrial applications and power supplies.
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