Electrocomponents plc 3.2% Potential Decrease Indicated by JP Morgan Cazenove

Broker Ratings
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Electrocomponents plc using EPIC/TICKER code (LON:ECM) has had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘NEUTRAL’ today by analysts at JP Morgan Cazenove. Electrocomponents plc are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set a target price of 591 GBX on its stock. This indicates the analyst believes there is a potential downside of -3.2% from today’s opening price of 610.8 GBX. Over the last 30 and 90 trading days the company share price has decreased 32.4 points and increased 56.6 points respectively. The 52 week high for the stock is 779.2 GBX while the 52 week low for the share price is 478.4 GBX.

Electrocomponents plc has a 50 day moving average of 616.64 GBX and a 200 Day Moving Average share price is recorded at 611.35. There are currently 443,870,630 shares in issue with the average daily volume traded being 935,709. Market capitalisation for LON:ECM is £2,719,151,371 GBP.

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