Electrocomponents (LON:ECM) had its price objective trimmed by JPMorgan Chase & Co. from GBX 661 ($8.64) to GBX 651 ($8.51) in a research note released on Wednesday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has a neutral rating on the stock.
A number of other equities analysts also recently issued reports on the company. Barclays reaffirmed an equal weight rating and set a GBX 640 ($8.36) price target on shares of Electrocomponents in a research report on Wednesday, October 9th. Peel Hunt downgraded Electrocomponents to a hold rating and set a GBX 650 ($8.49) price target on the stock. in a research report on Tuesday, November 12th. Shore Capital reaffirmed a sell rating on shares of Electrocomponents in a research report on Friday, November 8th. UBS Group reaffirmed a buy rating on shares of Electrocomponents in a research report on Friday, November 8th. Finally, Peel Hunt downgraded Electrocomponents to a hold rating and set a GBX 650 ($8.49) price target on the stock. in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Electrocomponents presently has a consensus rating of Hold and an average price target of GBX 686.89 ($8.98).
Shares of ECM stock traded up GBX 5 ($0.07) during trading hours on Wednesday, reaching GBX 637 ($8.32). 1,449,367 shares of the company’s stock were exchanged, compared to its average volume of 1,240,000. The stock’s 50 day moving average is GBX 659.60 and its 200-day moving average is GBX 619.84. The company has a market cap of $2.82 billion and a price-to-earnings ratio of 19.48. The company has a current ratio of 1.55, a quick ratio of 0.83 and a debt-to-equity ratio of 47.89. Electrocomponents has a fifty-two week low of GBX 478.40 ($6.25) and a fifty-two week high of GBX 729.80 ($9.54).
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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