Several other equities analysts have also recently weighed in on the company. Berenberg Bank started coverage on Electrocomponents in a report on Tuesday, December 12th. They issued a hold rating and a GBX 590 ($7.89) price objective for the company. Shore Capital restated a sell rating on shares of Electrocomponents in a report on Tuesday, November 14th. Liberum Capital restated a buy rating and issued a GBX 680 ($9.09) price objective on shares of Electrocomponents in a report on Tuesday, November 14th. Numis Securities restated an add rating and issued a GBX 705 ($9.43) price objective on shares of Electrocomponents in a report on Monday, December 4th. Finally, restated an add rating and issued a GBX 705 ($9.43) price objective on shares of Electrocomponents in a report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 622.40 ($8.32).
Shares of Electrocomponents (LON ECM) traded up GBX 9.20 ($0.12) during midday trading on Wednesday, hitting GBX 627.20 ($8.39). The stock had a trading volume of 864,567 shares, compared to its average volume of 964,812. The company has a market cap of $2,770.00 and a PE ratio of 2,613.33. Electrocomponents has a 12 month low of GBX 464.17 ($6.21) and a 12 month high of GBX 713.05 ($9.53).
In other news, insider Simon Pryce bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was acquired at an average cost of GBX 607 ($8.12) per share, for a total transaction of £60,700 ($81,160.58). Also, insider Karen Guerra bought 8,100 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was purchased at an average price of GBX 619 ($8.28) per share, with a total value of £50,139 ($67,039.71). Insiders purchased a total of 28,100 shares of company stock valued at $17,283,900 over the last quarter.
ILLEGAL ACTIVITY NOTICE: This report was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.chaffeybreeze.com/2018/01/04/electrocomponents-ecm-hold-rating-reaffirmed-at-peel-hunt.html.
Electrocomponents 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.
Receive News & Ratings for Electrocomponents Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electrocomponents and related companies with MarketBeat.com's FREE daily email newsletter.