Electrocomponents plc (ECM) Given New GBX 575 Price Target at Credit Suisse Group

Electrocomponents plc (LON:ECM) had its price target lifted by research analysts at Credit Suisse Group from GBX 520 ($6.84) to GBX 575 ($7.56) in a research report issued to clients and investors on Tuesday. The brokerage currently has an “underperform” rating on the stock. Credit Suisse Group’s price target points to a potential downside of 17.15% from the stock’s previous close.

ECM has been the subject of several other research reports. Numis Securities Ltd upped their price target on shares of Electrocomponents plc from GBX 660 ($8.68) to GBX 705 ($9.27) and gave the stock an “add” rating in a research report on Tuesday, October 3rd. Peel Hunt upped their price target on shares of Electrocomponents plc from GBX 580 ($7.63) to GBX 610 ($8.02) and gave the stock an “add” rating in a research report on Monday, July 3rd. Liberum Capital upped their price target on shares of Electrocomponents plc from GBX 660 ($8.68) to GBX 680 ($8.94) and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. Jefferies Group LLC upped their price target on shares of Electrocomponents plc from GBX 510 ($6.71) to GBX 530 ($6.97) and gave the stock a “hold” rating in a research report on Tuesday, July 4th. Finally, Shore Capital reaffirmed a “sell” rating on shares of Electrocomponents plc in a research report on Monday, July 3rd. Two investment 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’s stock. Electrocomponents plc presently has an average rating of “Hold” and an average target price of GBX 556.90 ($7.32).

Electrocomponents plc (ECM) opened at 694.00 on Tuesday. The stock’s market cap is GBX 3.06 billion. Electrocomponents plc has a 52-week low of GBX 355.60 and a 52-week high of GBX 694.00. The company’s 50 day moving average is GBX 636.57 and its 200-day moving average is GBX 585.49.

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ECM has been the subject of several other research reports. Numis Securities Ltd upped their price target on shares of Electrocomponents plc from GBX 660 ($8.68) to GBX 705 ($9.27) and gave the stock an “add” rating in a research report on Tuesday, October 3rd. Peel Hunt upped their price target on shares of Electrocomponents plc from GBX 580 ($7.63) to GBX 610 ($8.02) and gave the stock an “add” rating in a research report on Monday, July 3rd. Liberum Capital upped their price target on shares of Electrocomponents plc from GBX 660 ($8.68) to GBX 680 ($8.94) and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. Jefferies Group LLC upped their price target on shares of Electrocomponents plc from GBX 510 ($6.71) to GBX 530 ($6.97) and gave the stock a “hold” rating in a research report on Tuesday, July 4th. Finally, Shore Capital reaffirmed a “sell” rating on shares of Electrocomponents plc in a research report on Monday, July 3rd. Two investment 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’s stock. Electrocomponents plc presently has an average rating of “Hold” and an average target price of GBX 556.90 ($7.32).

Electrocomponents plc (ECM) opened at 694.00 on Tuesday. The stock’s market cap is GBX 3.06 billion. Electrocomponents plc has a 52-week low of GBX 355.60 and a 52-week high of GBX 694.00. The company’s 50 day moving average is GBX 636.57 and its 200-day moving average is GBX 585.49.

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Electrocomponents plc 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.

Analyst Recommendations for Electrocomponents plc (LON:ECM)

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