Electrocomponents plc 16.5% potential upside indicated by JP Morgan

Electrocomponents plc with ticker (LON:ECM) now has a potential upside of 16.5% according to JP Morgan.



JP Morgan set a target price of 1,477 GBX for the company, which when compared to the Electrocomponents plc share price of 1,233 GBX at opening today (08/11/2021) indicates a potential upside of 16.5%. Trading has ranged between 725 (52 week low) and 1,233 (52 week high) with an average of 760,718 shares exchanging hands daily. The market capitalisation at the time of writing is £5,688,696,688.

Electrocomponents PLC is a United Kingdom-based service distributor of industrial and electronic products. The Company globally offers omni-channel solutions for industrial customers and suppliers for designing, building, or maintaining industrial equipment and facilities. The Company’s segments include EMEA, Americas and Asia Pacific.Its EMEA hub manage markets in UK and Ireland; France; Italy; Iberia; Germany, Austria, and Switzerland; and rest of EMEA which includes Benelux, Eastern Europe, Scandinavia, and South Africa. Its Americans hub operates in the United States (US), with smaller operations in Canada, Mexico, and Chile. Its Asia Pacific hub in Australia and New Zealand (ANZ), Greater China, Japan, and South East Asia. The Company operates under various brand name such as RS Components, Allied Electronics & Automation, RS PRO, OKdo, DesignSpark, India Electronics and Semiconductor Association (IESA), Synovos, Needlers and Liscombe.