Published On: Thu, Sep 15th, 2016

Electrocomponents plc (ECM) Stock Rating Lowered by Numis Securities Ltd

Electrocomponents plc (LON:ECM) was downgraded by investment analysts at Numis Securities Ltd to an “add” rating in a research note issued to investors on Thursday. They presently have a GBX 350 ($4.66) price objective on the stock, up from their previous price objective of GBX 315 ($4.20). Numis Securities Ltd’s price objective would suggest a potential upside of 15.97% from the stock’s previous close.
A number of other analysts also recently commented on ECM. Peel Hunt restated a “hold” rating and issued a GBX 250 ($3.33) target price on shares of Electrocomponents plc in a research note on Thursday, May 19th. Shore Capital restated a “sell” rating on shares of Electrocomponents plc in a research note on Thursday, May 19th. Jefferies Group upped their target price on Electrocomponents plc from GBX 195 ($2.60) to GBX 270 ($3.60) and gave the stock a “hold” rating in a research note on Friday, May 20th. Royal Bank Of Canada raised Electrocomponents plc to a “sector performer” rating and upped their price target for the stock from GBX 185 ($2.46) to GBX 270 ($3.60) in a report on Thursday, May 26th. Finally, Barclays PLC raised Electrocomponents plc to an “equal weight” rating and upped their price target for the stock from GBX 212 ($2.82) to GBX 289 ($3.85) in a report on Monday, June 13th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 259.45 ($3.46).
Electrocomponents plc (LON:ECM) opened at 343.02 on Thursday. The stock’s market cap is GBX 1.51 billion. Electrocomponents plc has a one year low of GBX 167.55 and a one year high of GBX 346.54. The stock has a 50 day moving average price of GBX 300.67 and a 200-day moving average price of GBX 272.36.

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In related news, insider Guerra,Karen purchased 8,500 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was purchased at an average price of GBX 293 ($3.90) per share, with a total value of £24,905 ($33,171.28). Also, insider Ruth,Lindsley purchased 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 24th. The stock was bought at an average cost of GBX 266 ($3.54) per share, with a total value of £53,200 ($70,857.75).
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.

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