Berenberg Bank Raises Electrocomponents (LON:ECM) Price Target to GBX 800

Electrocomponents (LON:ECM) had its price target increased by Berenberg Bank from GBX 715 ($9.41) to GBX 800 ($10.52) in a report published on Tuesday, Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

ECM has been the topic of several other research reports. UBS Group restated a buy rating on shares of Electrocomponents in a research note on Wednesday, February 5th. Shore Capital reiterated a sell rating on shares of Electrocomponents in a report on Tuesday, February 4th. HSBC reiterated a hold rating on shares of Electrocomponents in a report on Monday, January 13th. Royal Bank of Canada decreased their price objective on shares of Electrocomponents from GBX 660 ($8.68) to GBX 625 ($8.22) and set a sector performer rating for the company in a report on Wednesday, November 13th. Finally, Peel Hunt reiterated a hold rating on shares of Electrocomponents in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 721.89 ($9.50).

Shares of LON:ECM opened at GBX 699.80 ($9.21) on Tuesday. The firm’s 50 day moving average is GBX 691.88 and its two-hundred day moving average is GBX 646.25. Electrocomponents has a 52 week low of GBX 532.40 ($7.00) and a 52 week high of GBX 731.20 ($9.62). The firm has a market capitalization of $3.12 billion and a P/E ratio of 21.40. 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 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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Analyst Recommendations for Electrocomponents (LON:ECM)

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