Berenberg Bank Raises Electrocomponents (LON:ECM) Price Target to GBX 800

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Electrocomponents (LON:ECM) had its price target boosted by Berenberg Bank from GBX 715 ($9.41) to GBX 800 ($10.52) in a report released on Tuesday, Digital Look reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also recently weighed in on the stock. UBS Group reissued a buy rating on shares of Electrocomponents in a research report on Wednesday, February 5th. HSBC reissued a hold rating on shares of Electrocomponents in a research report on Monday, January 13th. Shore Capital reissued a sell rating on shares of Electrocomponents in a research report on Tuesday, February 4th. Liberum Capital reissued a buy rating on shares of Electrocomponents in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada decreased their price objective on shares of Electrocomponents from GBX 660 ($8.68) to GBX 625 ($8.22) and set a sector performer rating for the company in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Electrocomponents currently has a consensus rating of Hold and a consensus target price of GBX 721.89 ($9.50).

LON:ECM opened at GBX 699.80 ($9.21) on Tuesday. 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 firm has a 50-day moving average of GBX 691.88 and a two-hundred day moving average of GBX 646.25. The stock has a market cap of $3.12 billion and a P/E ratio of 21.40. Electrocomponents has a 1-year low of GBX 532.40 ($7.00) and a 1-year high of GBX 731.20 ($9.62).

About Electrocomponents

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.

Further Reading: Diversification

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