Electrocomponents plc (LON:ECM) Receives Consensus Rating of “Hold” from Analysts

Shares of Electrocomponents plc (LON:ECM) have been assigned an average rating of “Hold” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 689.11 ($9.00).

ECM has been the subject of a number of recent research reports. Shore Capital reiterated a “sell” rating on shares of Electrocomponents in a report on Thursday, November 14th. Peel Hunt cut shares of Electrocomponents to a “hold” rating and set a GBX 650 ($8.49) price target on the stock. in a report on Tuesday, November 12th. JPMorgan Chase & Co. cut their price objective on shares of Electrocomponents from GBX 661 ($8.64) to GBX 651 ($8.51) and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Royal Bank of Canada reduced their price objective on shares of Electrocomponents from GBX 660 ($8.62) to GBX 625 ($8.17) and set a “sector performer” rating for the company in a research note on Wednesday, November 13th. Finally, Peel Hunt cut shares of Electrocomponents to a “hold” rating and set a GBX 650 ($8.49) target price for the company. in a research report on Tuesday, November 12th.

Shares of ECM stock opened at GBX 647 ($8.45) on Friday. The stock’s 50-day moving average is GBX 665.91 and its 200 day moving average is GBX 621.48. Electrocomponents has a 1-year low of GBX 478.40 ($6.25) and a 1-year high of GBX 729.80 ($9.54). The company has a debt-to-equity ratio of 47.89, a current ratio of 1.55 and a quick ratio of 0.83. The company has a market cap of $2.89 billion and a P/E ratio of 19.79.

The firm also recently announced a dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, November 28th will be given a dividend of GBX 5.90 ($0.08) per share. This represents a yield of 0.94%. The ex-dividend date is Thursday, November 28th. Electrocomponents’s dividend payout ratio is currently 0.46%.

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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