Electrocomponents (LON:ECM) Price Target Cut to GBX 625

Electrocomponents (LON:ECM) had its price objective lowered by Royal Bank of Canada from GBX 660 ($8.62) to GBX 625 ($8.17) in a research report report published on Wednesday morning, Digital Look reports. Royal Bank of Canada currently has a sector performer rating on the stock.

Several other analysts also recently commented on the company. JPMorgan Chase & Co. increased their target price on Electrocomponents from GBX 591 ($7.72) to GBX 661 ($8.64) and gave the company a neutral rating in a research note on Wednesday, October 9th. Shore Capital reiterated a sell rating on shares of Electrocomponents in a research note on Friday, November 8th. Liberum Capital reiterated a buy rating and set a GBX 810 ($10.58) target price on shares of Electrocomponents in a research note on Tuesday, November 12th. UBS Group reiterated a buy rating on shares of Electrocomponents in a research note on Friday, November 8th. Finally, Peel Hunt downgraded Electrocomponents to a hold rating and set a GBX 650 ($8.49) target price on the stock. in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 686.89 ($8.98).

ECM traded up GBX 5 ($0.07) during trading on Wednesday, hitting GBX 637 ($8.32). 1,449,367 shares of the company’s stock traded hands, compared to its average volume of 1,240,000. The company’s 50 day simple moving average is GBX 659.60 and its two-hundred day simple moving average is GBX 619.84. The company has a current ratio of 1.55, a quick ratio of 0.83 and a debt-to-equity ratio of 47.89. Electrocomponents has a 12-month low of GBX 478.40 ($6.25) and a 12-month high of GBX 729.80 ($9.54). The stock has a market capitalization of $2.82 billion and a price-to-earnings ratio of 19.48.

The firm also recently announced a dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, November 28th will be paid a dividend of GBX 5.90 ($0.08) per share. The ex-dividend date is Thursday, November 28th. This represents a yield of 0.94%. Electrocomponents’s dividend payout ratio is 0.46%.

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.

Further Reading: What is the Quick Ratio?

Analyst Recommendations for Electrocomponents (LON:ECM)

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