Electrocomponents (ECM) Lifted to Buy at Numis Securities

Numis Securities upgraded shares of Electrocomponents (LON:ECM) to a buy rating in a research note released on Thursday morning. The brokerage currently has GBX 705 ($9.90) target price on the stock.

Several other research analysts have also recently weighed in on ECM. Liberum Capital reissued a buy rating on shares of Electrocomponents in a report on Thursday. Peel Hunt raised shares of Electrocomponents to an add rating in a report on Thursday. Shore Capital reissued a sell rating on shares of Electrocomponents in a report on Monday, February 5th. Credit Suisse Group increased their price target on shares of Electrocomponents from GBX 575 ($8.07) to GBX 590 ($8.28) and gave the company an underperform rating in a report on Wednesday, January 3rd. Finally, Berenberg Bank assumed coverage on shares of Electrocomponents in a report on Tuesday, December 12th. They issued a hold rating and a GBX 590 ($8.28) price target on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of GBX 622.40 ($8.74).

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Electrocomponents stock opened at GBX 594.60 ($8.35) on Thursday. Electrocomponents has a twelve month low of GBX 467.90 ($6.57) and a twelve month high of GBX 713.05 ($10.01).

In other news, insider Lindsley Ruth sold 121,164 shares of the firm’s stock in a transaction that occurred 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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