Electrocomponents (ECM) Rating Reiterated by Berenberg Bank

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Electrocomponents (LON:ECM)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a research note issued on Friday, ThisIsMoney.Co.Uk reports.

Several other research analysts also recently issued reports on the stock. UBS Group restated a “neutral” rating on shares of Electrocomponents in a report on Wednesday, January 2nd. Jefferies Financial Group upgraded shares of Electrocomponents to a “buy” rating and reduced their target price for the company from GBX 740 ($9.67) to GBX 700 ($9.15) in a research note on Tuesday, January 8th. Barclays reduced their target price on shares of Electrocomponents from GBX 725 ($9.47) to GBX 610 ($7.97) and set an “equal weight” rating for the company in a research note on Monday, January 28th. Liberum Capital reissued a “buy” rating and set a GBX 810 ($10.58) target price on shares of Electrocomponents in a research report on Wednesday, February 6th. Finally, Shore Capital restated a “sell” rating on shares of Electrocomponents in a research note on Wednesday, February 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Electrocomponents has a consensus rating of “Hold” and an average price target of GBX 721.88 ($9.43).

Shares of Electrocomponents stock opened at GBX 611.60 ($7.99) on Friday. The company has a quick ratio of 1.09, a current ratio of 1.84 and a debt-to-equity ratio of 48.92. The firm has a market capitalization of $2.71 billion and a price-to-earnings ratio of 16.49. Electrocomponents has a fifty-two week low of GBX 478.40 ($6.25) and a fifty-two week high of GBX 779.20 ($10.18).

In other Electrocomponents news, insider Lindsley Ruth sold 121,164 shares of Electrocomponents stock in a transaction on Monday, January 7th. The shares were sold at an average price of GBX 499 ($6.52), for a total transaction of £604,608.36 ($790,027.91).

Electrocomponents Company Profile

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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Analyst Recommendations for Electrocomponents (LON:ECM)

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