Electrocomponents (ECM) Given “Buy” Rating at Numis Securities

Electrocomponents (LON:ECM)‘s stock had its “buy” rating reissued by research analysts at Numis Securities in a research note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts also recently issued reports on the stock. Jefferies Financial Group restated a “buy” rating on shares of Electrocomponents in a report on Tuesday, April 9th. UBS Group reiterated a “buy” rating on shares of Electrocomponents in a research note on Friday, April 5th. Berenberg Bank reiterated a “buy” rating on shares of Electrocomponents in a research note on Friday, April 5th. Shore Capital reiterated a “sell” rating on shares of Electrocomponents in a research note on Thursday, April 4th. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 810 ($10.58) price objective on shares of Electrocomponents in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 721.88 ($9.43).

Electrocomponents stock opened at GBX 615.80 ($8.05) on Thursday. Electrocomponents has a 1 year low of GBX 478.40 ($6.25) and a 1 year high of GBX 779.20 ($10.18). The company has a market capitalization of $2.73 billion and a P/E ratio of 16.60. The company has a quick ratio of 1.09, a current ratio of 1.84 and a debt-to-equity ratio of 48.92.

About Electrocomponents

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.

Read More: What is a resistance level?

Analyst Recommendations for Electrocomponents (LON:ECM)

Receive News & Ratings for Electrocomponents Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electrocomponents and related companies with MarketBeat.com's FREE daily email newsletter.