Jefferies Financial Group upgraded shares of Electrocomponents (LON:ECM) to a buy rating in a research note issued to investors on Tuesday morning. They currently have GBX 700 ($9.15) target price on the stock, down from their previous target price of GBX 740 ($9.67).
ECM has been the topic of a number of other research reports. Liberum Capital restated a buy rating and set a GBX 780 ($10.19) target price on shares of Electrocomponents in a report on Thursday, October 4th. Peel Hunt restated a hold rating on shares of Electrocomponents in a report on Thursday, October 4th. Shore Capital restated a sell rating on shares of Electrocomponents in a report on Tuesday, November 20th. UBS Group restated a neutral rating on shares of Electrocomponents in a report on Friday, September 28th. Finally, Numis Securities reiterated a buy rating on shares of Electrocomponents in a research note on Thursday, October 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Electrocomponents presently has a consensus rating of Hold and an average price target of GBX 765 ($10.00).
Shares of ECM stock opened at GBX 534 ($6.98) on Tuesday. Electrocomponents has a 12 month low of GBX 467.90 ($6.11) and a 12 month high of GBX 713.05 ($9.32).
The company also recently declared a dividend, which was paid on Wednesday, January 9th. Investors of record on Thursday, November 29th were paid a GBX 5.30 ($0.07) dividend. This represents a yield of 0.93%. The ex-dividend date was Thursday, November 29th.
In other news, insider Lindsley Ruth purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The shares were bought at an average price of GBX 561 ($7.33) per share, for a total transaction of £56,100 ($73,304.59). Also, insider Karen Guerra purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 10th. The stock was purchased at an average price of GBX 501 ($6.55) per share, for a total transaction of £100,200 ($130,929.05).
Electrocomponents plc, together with its subsidiaries, distributes various electronics and industrial products in Northern Europe, Southern Europe, Central Europe, the Asia Pacific, and the Americas. 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.
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