Numis Securities Reiterates Add Rating for Electrocomponents (ECM)

Electrocomponents (LON:ECM)‘s stock had its “add” rating reissued by equities research analysts at Numis Securities in a research report issued to clients and investors on Monday. They currently have a GBX 705 ($9.49) price objective on the stock. Numis Securities’ target price suggests a potential upside of 13.07% from the company’s current price.

Several other brokerages also recently weighed in on ECM. Credit Suisse Group upped their target price on shares of Electrocomponents from GBX 520 ($7.00) to GBX 575 ($7.74) and gave the stock an “underperform” rating in a report on Tuesday, October 10th. Liberum Capital upped their target price on shares of Electrocomponents from GBX 660 ($8.88) to GBX 680 ($9.15) and gave the stock a “buy” rating in a report on Tuesday, October 3rd. Peel Hunt downgraded shares of Electrocomponents to a “reduce” rating and set a GBX 650 ($8.75) target price for the company. in a report on Tuesday, October 31st. Jefferies Group upped their target price on shares of Electrocomponents from GBX 530 ($7.13) to GBX 600 ($8.08) and gave the stock a “hold” rating in a report on Wednesday, November 15th. Finally, Shore Capital reaffirmed a “sell” rating on shares of Electrocomponents in a report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 624.33 ($8.40).

Electrocomponents (ECM) opened at GBX 623.50 ($8.39) on Monday. Electrocomponents has a 1-year low of GBX 433.20 ($5.83) and a 1-year high of GBX 713.05 ($9.60).

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About Electrocomponents

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.

Analyst Recommendations for Electrocomponents (LON:ECM)

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