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Citigroup issued a report on Electrocomponents PLC (LON:ECM), upping its stock price target to 375.00GBX today

Yesterday Electrocomponents PLC (LON:ECM) traded 0.16% higher at 0.00GBX. The company’s 50-day moving average is 333.12GBX and its 200-day moving average is 288.97GBX. The last closing price is down 27.07% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 1,010,443 shares of the stock traded hands, up from an average trading volume of 594,360

In a report released on 10/12/2016 Citigroup increased the stock price target of Electrocomponents PLC (LON:ECM) from 185.00GBX to 375.00GBX indicating a possible upside of 0%.

Previously on Tuesday September 20, 2016, Credit Suisse reported on Electrocomponents PLC (LON:ECM) increased the target price from 250.00GBX to 300.00GBX. At the time, this indicated a possible upside of 0%.

See Chart Below

Electrocomponents PLC (LON:ECM)

Electrocomponents PLC has a 52 week low of 200.70GBX and a 52 week high of 381.00GBX with a P/E ratio of 73.44 The company’s market cap is currently 0 GBX.

In addition to Citigroup reporting its stock price target, a total of 9 brokers have issued a report on the company. The average stock price target is 267.67GBX with 1 broker rating the stock a strong buy, 1 broker rating the stock a buy, 7 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

General Information About Electrocomponents PLC (LON:ECM)

Electrocomponents plc is a service distributor. The Company's segments include Northern Europe, Southern Europe, Central Europe, Asia Pacific (APAC) and Emerging Markets, and North America. Its Northern Europe's hub is the United Kingdom, with associated local markets in Denmark, Norway, Sweden and Republic of Ireland. Its Southern Europe's hub is France, with associated local markets in Italy, Spain and Portugal. Its Central Europe's hub is Germany, with associated local markets in Austria, Switzerland, the Netherlands, Belgium, Poland, Hungary and the Czech Republic. Its North America's hub is the United States of America, with an associated local market in Canada. Its Asia Pacific and Emerging Markets has a hub in Hong Kong and local markets in Japan, Australia, New Zealand, Singapore, Malaysia, Philippines, Thailand, Taiwan, People's Republic of China, South Korea, Chile, South Africa. Its product categories include semiconductors, and Automation and Control.

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