Electrocomponents plc (ECM) Given Consensus Rating of “Hold” by Brokerages

Electrocomponents plc (LON:ECM) has received an average rating of “Hold” from the ten research firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 624.33 ($8.21).

Several equities research analysts have commented on ECM shares. Liberum Capital upped their target price on shares of Electrocomponents plc from GBX 660 ($8.68) to GBX 680 ($8.94) and gave the company a “buy” rating in a research note on Tuesday, October 3rd. Numis Securities Ltd upped their target price on shares of Electrocomponents plc from GBX 660 ($8.68) to GBX 705 ($9.27) and gave the company an “add” rating in a research note on Tuesday, October 3rd. Peel Hunt upped their target price on shares of Electrocomponents plc from GBX 610 ($8.02) to GBX 650 ($8.55) and gave the company an “add” rating in a research note on Tuesday, October 3rd. Credit Suisse Group upped their target price 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 note on Tuesday, October 10th. Finally, Shore Capital reaffirmed a “sell” rating on shares of Electrocomponents plc in a research note on Tuesday.

Electrocomponents plc (ECM) opened at GBX 653.50 ($8.60) on Thursday. Electrocomponents plc has a 1 year low of GBX 363.10 ($4.78) and a 1 year high of GBX 713.05 ($9.38).

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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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