Numis Has Just Reaffirmed GBX 275 Target Price Per Share on Electrocomponents (LON:ECM) stock, While They’ve Also Reiterated Their “Buy” Rating

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Electrocomponents (LON:ECM) Rating Reaffirmed

In a recent research report sent to investors and clients on 21 December, The “Buy” rating of Electrocomponents (LON:ECM) shares was has decided to restate at Numis, who now has a GBX 275 price target on the stock. Numis’s price target may imply a possible upside of 19.98% from the previous stock close of the company.

From a total of 10 analysts covering Electrocomponents (LON:ECM) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is GBX 275 while the lowest target price is GBX 180. The mean of all analyst targets is GBX 204.5 with a -8.25% below today’s (GBX 229.5) stock price. Electrocomponents was the topic of 27 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 18 with “Underperform” rating. UBS maintained shares with “Neutral” rating and GBX 220 target share price in a report from a November 19. Numis Securities maintained ECM stock in a recent report from December 1 with “Buy” rating. Deutsche Bank maintained the rating on October 15. Deutsche Bank has a “Hold” rating and a GBX 265 price target on shares. Finally, Credit Suisse maintained the stock with “Underperform” rating in a report issued on a November 24.

Approximately 153,812 shares of stock traded hands. Electrocomponents plc (LON:ECM) has declined 3.91% since May 22, 2015 and is downtrending. It has outperformed by 1.90% the S&P500.

Numis Has Just Reaffirmed GBX 275 Target Price Per Share on Electrocomponents (LON:ECM) stock, While They’ve Also Reiterated Their

Electrocomponents plc is a service distributor. The company has a market cap of 1.01 billion GBP. The Company’s operating divisions include the UK, Continental Europe, North America and Asia Pacific. It has 24.14 P/E ratio. The UK includes activities in the United Kingdom and exports to distributors.

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