Why Has Peel Hunt Limited Given Electrocomponents (LON:ECM) a GBX 195.00 Price Target
In a recent report announced today, Peel Hunt Limited analysts commenced coverage Electrocomponents (LON:ECM) coverage with “Reduce” rating, and a GBX 195.00 target price.
From a total of 10 analysts covering Electrocomponents (LON:ECM) stock, 1 rate it a ”Buy”, 5 a “Sell”, and 5 a ”Hold”. This means that 9% 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 -7.61% below today’s (GBX 224.9) stock price. Electrocomponents was the topic of 25 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Numis Securities maintained shares on December 1 with “Buy” rating. RBC Capital Markets maintained shares with “Underperform” rating and GBX 160 target share price in a report from a November 19. Barclays Capital maintained ECM stock in a recent report from November 25 with “Underweight” 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 1.36% or GBX 3.1 on December 14, striking GBX 224.9. Approximately 499,187 shares of stock traded hands. Electrocomponents plc (LON:ECM) has declined 8.43% since May 15, 2015 and is downtrending. It has underperformed by 4.02% the S&P500.
Electrocomponents plc is a service distributor. The company has a market cap of 990.78 million GBP. The Company’s operating divisions include the UK, Continental Europe, North America and Asia Pacific. It has 23.66 P/E ratio. The UK includes activities in the United Kingdom and exports to distributors.