Today Berenberg Bank Reaffirms a Hold Rating on Electrocomponents (LON:ECM) and a GBX 770.00 Target Price

July 13, 2018 - By Darrel Chase

Electrocomponents plc (LON:ECM) Logo

Electrocomponents (LON:ECM) Rating Reaffirmed

Berenberg Bank now has a GBX 770.00 target on shares of Electrocomponents (LON:ECM). The target gives a potential upside of 4.48 % from the previous close of Electrocomponents (LON:ECM). This rating was released in an analyst note on Thursday morning.

Electrocomponents plc (LON:ECM) Ratings Coverage

Among 6 analysts covering Electrocomponents PLC (LON:ECM), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Electrocomponents PLC has GBX 945 highest and GBX 650 lowest target. GBX 796’s average target is 8.01% above currents GBX 737 stock price. Electrocomponents PLC had 19 analyst reports since January 23, 2018 according to SRatingsIntel. The stock of Electrocomponents plc (LON:ECM) earned “Buy” rating by Numis Securities on Thursday, April 5. The rating was downgraded by Peel Hunt to “Hold” on Thursday, July 5. Peel Hunt maintained the stock with “Add” rating in Thursday, May 24 report. The firm has “Add” rating given on Thursday, April 5 by Peel Hunt. Peel Hunt maintained it with “Hold” rating and GBX 650 target in Monday, February 5 report. The firm earned “Sell” rating on Monday, February 5 by Shore Capital. The firm has “Buy” rating given on Thursday, July 5 by Liberum Capital. Peel Hunt upgraded Electrocomponents plc (LON:ECM) rating on Thursday, March 29. Peel Hunt has “Add” rating and GBX 650 target. As per Monday, April 9, the company rating was upgraded by Peel Hunt. The rating was maintained by Numis Securities on Thursday, July 5 with “Buy”.

The stock decreased 0.16% or GBX 1.2 during the last trading session, reaching GBX 737. About 2.02M shares traded or 38.70% up from the average. Electrocomponents plc (LON:ECM) has 0.00% since July 14, 2017 and is . It has underperformed by 12.57% the S&P500.

Electrocomponents plc, together with its subsidiaries, distributes various electronics and industrial products in Northern Europe, Southern Europe, Central Europe, the Asia Pacific, North America, and internationally. The company has market cap of 3.26 billion GBP. The firm 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. It has a 21.93 P/E ratio. It also provides automation and control products comprising programmable logic controllers, safety devices, sensors, cables, and pneumatic cylinders for various vertical markets that include the food and beverage, packaging, manufacturing, marine, and gas and oil industries; and tools and consumables, which comprise electronics workbench equipment, electrostatic discharge products and 3D printers, and mechanical tools and lighting, as well as electrical, test, and measurement and safety equipment.

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