Electrocomponents PLC (LON:ECM) Receives a Downgrade
In an analyst note issued on Friday morning, equity analysts at Peel Hunt’s equity division downgraded the rating for shares of Electrocomponents PLC (LON:ECM) to a “Reduce”. They now have a key price target of GBX 195.00 on ECM shares, equating to -17.23% more downside.
From a total of 10 analysts covering Electrocomponents (LON:ECM) stock, 1 rate it a ”Buy”, 6 a “Sell”, and 3 a ”Hold”. This means that 10% of the ratings are positive. The highest target price is GBX 275 while the lowest target price is GBX 160. The mean of all analyst targets is GBX 207.78 with a -11.66% below today’s (GBX 235.2) stock price. Electrocomponents was the topic of 24 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Peel Hunt downgraded shares on November 27 to “Reduce” rating. RBC Capital Markets maintained shares with “Underperform” rating and GBX 160 target share price in a report from a November 19. Numis Securities maintained ECM stock in a recent report from November 24 with “Buy” rating. UBS maintained the rating on November 19. UBS has a “Neutral” rating and a GBX 220 price target on shares. Finally, Shore Capital maintained the stock with “Sell” rating in a report issued on a November 19.
The stock decreased 0.63% or GBX 1.5 on November 27, striking GBX 235.2. Approximately 441,143 shares of stock traded hands. Electrocomponents plc (LON:ECM) has declined 3.05% since May 1, 2015 and is downtrending. It has underperformed by 2.16% the S&P500.
Electrocomponents plc is a service distributor. The company has a market cap of 1.05 billion GBP. The Company’s operating divisions include the UK, Continental Europe, North America and Asia Pacific. It has 24.74 P/E ratio. The UK includes activities in the United Kingdom and exports to distributors.