Electrocomponents (OTCMKTS:EENEF) had its target price lowered by equities researchers at JPMorgan Chase & Co. from 1,477.00 to 1,419.00 in a research note issued to investors on Thursday, The Fly reports.
Several other equities analysts have also weighed in on the stock. Stifel Nicolaus initiated coverage on shares of Electrocomponents in a report on Thursday, November 11th. They set a “hold” rating on the stock. Barclays restated an “equal weight” rating on shares of Electrocomponents in a report on Wednesday, November 24th. Berenberg Bank restated a “hold” rating on shares of Electrocomponents in a report on Wednesday, December 1st. Finally, Royal Bank of Canada restated an “outperform” rating on shares of Electrocomponents in a report on Friday, November 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $1,419.00.
OTCMKTS:EENEF opened at $15.79 on Thursday. The firm’s fifty day simple moving average is $14.61 and its 200 day simple moving average is $14.39. Electrocomponents has a twelve month low of $13.95 and a twelve month high of $15.83.
Electrocomponents Plc is a multi-channel distributor, which engages in the provision of end-to-end solutions offering products from industrial to electronics. Its brands include RS PRO and components, OKdo, DesignSpark, Monition, IESA and Allied Electronics and Automation. The company was founded by J.
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