Shore Capital Reaffirms Sell Rating for Electrocomponents plc (ECM)

Shore Capital restated their sell rating on shares of Electrocomponents plc (LON:ECM) in a report issued on Thursday morning.

Several other research analysts have also commented on ECM. Liberum Capital reaffirmed a buy rating and set a GBX 500 ($6.29) price target on shares of Electrocomponents plc in a research report on Thursday, December 8th. Numis Securities Ltd downgraded Electrocomponents plc to a hold rating and upped their price objective for the company from GBX 420 ($5.29) to GBX 500 ($6.29) in a research report on Thursday, January 12th. Finally, Peel Hunt upped their price objective on Electrocomponents plc from GBX 420 ($5.29) to GBX 500 ($6.29) and gave the company an add rating in a research report on Tuesday, January 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of GBX 427.67 ($5.38).

Shares of Electrocomponents plc (LON:ECM) traded up 0.10% during midday trading on Thursday, reaching GBX 503.00. 1,177,304 shares of the company’s stock traded hands. The company has a 50-day moving average of GBX 486.30 and a 200-day moving average of GBX 451.67. Electrocomponents plc has a one year low of GBX 236.40 and a one year high of GBX 518.88. The company’s market capitalization is GBX 2.21 billion.

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In other Electrocomponents plc news, insider Karen Guerra purchased 5,226 shares of Electrocomponents plc stock in a transaction that occurred on Tuesday, February 14th. The stock was purchased at an average price of GBX 479 ($6.03) per share, with a total value of £25,032.54 ($31,507.29). Also, insider Peter M. Johnson purchased 3,000 shares of Electrocomponents plc stock in a transaction that occurred on Friday, March 17th. The stock was acquired at an average cost of GBX 494 ($6.22) per share, with a total value of £14,820 ($18,653.24).

About Electrocomponents plc

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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