UBS Group reissued their buy rating on shares of Electrocomponents (LON:ECM) in a research note released on Wednesday, ThisIsMoney.Co.Uk reports. The brokerage currently has a GBX 705 ($9.21) price target on the stock, up from their prior price target of GBX 650 ($8.49).
ECM has been the topic of several other reports. Shore Capital reaffirmed a buy rating on shares of JD Sports Fashion in a report on Wednesday, July 3rd. Peel Hunt reaffirmed a hold rating and issued a GBX 783 ($10.23) price target on shares of Ricardo in a report on Monday, July 1st. JPMorgan Chase & Co. lowered shares of Sampo Oyj from an overweight rating to a neutral rating in a report on Wednesday, May 29th. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 1,370 ($17.90) price target on shares of in a report on Thursday, May 30th. Finally, Liberum Capital reaffirmed a buy rating and issued a GBX 810 ($10.58) price target on shares of in a report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 691.57 ($9.04).
LON:ECM opened at GBX 587.20 ($7.67) on Wednesday. Electrocomponents has a one year low of GBX 478.40 ($6.25) and a one year high of GBX 771 ($10.07). The company has a debt-to-equity ratio of 43.00, a quick ratio of 1.08 and a current ratio of 1.92. The stock has a market capitalization of $2.61 billion and a price-to-earnings ratio of 17.69. The firm has a fifty day simple moving average of GBX 615.32.
The company also recently announced a dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, June 13th will be paid a dividend of GBX 9.50 ($0.12) per share. This is a positive change from Electrocomponents’s previous dividend of $5.30. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, June 13th. Electrocomponents’s dividend payout ratio is presently 0.45%.
In other news, insider Lindsley Ruth sold 19,630 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of GBX 597 ($7.80), for a total transaction of £117,191.10 ($153,130.93).
Electrocomponents Company Profile
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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