UBS Group upgraded shares of Electrocomponents (LON:ECM) to a buy rating in a research report sent to investors on Tuesday, www.digitallook.com reports. They currently have GBX 650 ($8.49) price objective on the stock, down from their previous price objective of GBX 770 ($10.06).
Other analysts also recently issued research reports about the stock. Peel Hunt raised shares of Electrocomponents to an add rating in a report on Tuesday, November 20th. Liberum Capital reissued a buy rating and issued a GBX 780 ($10.19) price objective on shares of Electrocomponents in a report on Thursday, October 4th. Numis Securities reissued a buy rating on shares of Electrocomponents in a report on Thursday, October 4th. Finally, Shore Capital reissued a sell rating on shares of Electrocomponents in a report on Tuesday, November 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Electrocomponents currently has a consensus rating of Hold and an average target price of GBX 765 ($10.00).
Shares of ECM stock opened at GBX 534 ($6.98) on Tuesday. Electrocomponents has a 52 week low of GBX 467.90 ($6.11) and a 52 week high of GBX 713.05 ($9.32).
Electrocomponents (LON:ECM) last posted its quarterly earnings data on Tuesday, November 20th. The company reported GBX 17.20 ($0.22) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 17 ($0.22) by GBX 0.20 ($0.00).
The company also recently announced a dividend, which was paid on Wednesday, January 9th. Stockholders of record on Thursday, November 29th were given a GBX 5.30 ($0.07) dividend. This represents a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, November 29th.
In other news, insider Karen Guerra bought 20,000 shares of the company’s stock in a transaction dated Monday, December 10th. The stock was bought at an average cost of GBX 501 ($6.55) per share, for a total transaction of £100,200 ($130,929.05). Also, insider Lindsley Ruth sold 121,164 shares of the business’s stock in a transaction that occurred on Monday, January 7th. The shares were sold at an average price of GBX 499 ($6.52), for a total transaction of £604,608.36 ($790,027.91).
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.
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