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Electrocomponents (LON:ECM – Get Rating) had its target price cut by JPMorgan Chase & Co. from GBX 1,419 ($18.59) to GBX 1,300 ($17.03) in a research note published on Thursday, MarketBeat.com reports. They currently have an overweight rating on the stock. Several other research analysts have also recently weighed in on ECM. Shore Capital reissued […]
Shore Capital restated their under review rating on shares of Electrocomponents (LON:ECM – Get Rating) in a research report released on Wednesday morning, MarketBeat reports. Several other equities analysts have also recently commented on ECM. JPMorgan Chase & Co. lowered their target price on shares of Electrocomponents from GBX 1,477 ($19.35) to GBX 1,419 ($18.59) […]
25 May 2021 | 07:32am StockMarketWire.com - Electrical and industrial products group Electrocomponents reported a fall in annual profit as lower margins offset a rise in revenue. For the year ended 31 March 2021, pre-tax profit fell 19.5% to £160.6 million year-on-year, while revenue climbed 2.5% to £2.0 billion. Gross margin fell 1% to 42.7%, driven by 'increased freight costs, inventory provisions and regional mix,' the company said. The company raised its full-year dividend by 3.2% to 15.9 pence per share. Looking ahead, the company said it had carried 'strong momentum into the new finan...
8 February 2021 | 07:29am StockMarketWire.com - Industrial and electronics products maker Electrocomponents reported like-for-like revenue growth was 8% in the four months through January and kept its annual outlook unchanged despite ongoing heightened freight, labour and logistical costs. Digital like-for-like growth was 6%, with group web revenue increasing 8%, the company said. Looking ahead, the company said its full year profit expectations were unchanged with 'stronger revenue growth offset by additional ongoing costs.' Analyst consensus for the year ending 31 March 2021 was for a...
8 February 2021 | 16:39pm StockMarketWire.com - The FTSE 100 closed up materially on Monday, rising xx to xxxx.xx but was off its highs amid competing catalysts around oil prices, US stimulus and Covid. In the US stocks ascended to new record highs with the S&P 500 ahead by 0.3% to 3,897.89 at 4.30pm UK time. Bitcoin also hit a fresh record level after emerged that tech firm Tesla had invested $1.5 billion in the cryptocurrency. FTSE heavyweights BP and Royal Dutch Shell gained 4.1% to 262.3p and 2% to £13.05 respectively after Brent crude prices reached $60 a barrel for the first time since...