Electrocomponents (ECM) Upgraded to “Add” by Peel Hunt

Peel Hunt upgraded shares of Electrocomponents (LON:ECM) to an add rating in a report released on Thursday morning.

ECM has been the topic of several other research reports. Credit Suisse Group increased their price objective on 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. Numis Securities reiterated an add rating and set a GBX 705 ($9.90) price objective on shares of Electrocomponents in a research report on Monday, February 5th. Berenberg Bank started coverage on Electrocomponents in a research report on Tuesday, December 12th. They set a hold rating and a GBX 590 ($8.28) price objective on the stock. Shore Capital reiterated a sell rating on shares of Electrocomponents in a research report on Monday, February 5th. Finally, Liberum Capital reiterated a buy rating and set a GBX 680 ($9.55) price objective on shares of Electrocomponents in a research report on Monday, February 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of GBX 622.40 ($8.74).

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ECM stock opened at GBX 594.60 ($8.35) on Thursday. Electrocomponents has a fifty-two week low of GBX 467.90 ($6.57) and a fifty-two week high of GBX 713.05 ($10.01).

In related news, insider Lindsley Ruth sold 121,164 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of GBX 626 ($8.79), for a total value 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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