Liberum Capital Reiterates Buy Rating for Electrocomponents (ECM)

Electrocomponents (LON:ECM)‘s stock had its “buy” rating reaffirmed by research analysts at Liberum Capital in a report released on Thursday.

A number of other equities analysts have also issued reports on ECM. Peel Hunt raised shares of Electrocomponents to a “hold” rating and set a GBX 650 ($9.12) target price on the stock in a research report on Wednesday, December 6th. Berenberg Bank started coverage on shares of Electrocomponents in a research report on Tuesday, December 12th. They set a “hold” rating and a GBX 590 ($8.28) target price on the stock. Credit Suisse Group boosted their target price on shares of Electrocomponents from GBX 575 ($8.07) to GBX 590 ($8.28) and gave the stock an “underperform” rating in a research report on Wednesday, January 3rd. Shore Capital reaffirmed a “sell” rating on shares of Electrocomponents in a research report on Monday, February 5th. Finally, Numis Securities reiterated an “add” rating and set a GBX 705 ($9.90) price target on shares of Electrocomponents in a research note on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 622.40 ($8.74).

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Shares of ECM stock opened at GBX 594.60 ($8.35) on Thursday. Electrocomponents has a 1 year low of GBX 467.90 ($6.57) and a 1 year high of GBX 713.05 ($10.01).

In other Electrocomponents news, insider Lindsley Ruth sold 121,164 shares of Electrocomponents stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of GBX 626 ($8.79), for a total transaction of £758,486.64 ($1,064,692.08).

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About Electrocomponents

Electrocomponents plc, together with its subsidiaries, distributes various electronics and industrial products in Northern Europe, Southern Europe, Central Europe, the Asia Pacific, North America, and internationally. 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.

Analyst Recommendations for Electrocomponents (LON:ECM)

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