Electrocomponents plc (OTCMKTS:EENEF) Receives Consensus Recommendation of “Buy” from Analysts

Electrocomponents plc (OTCMKTS:EENEFGet Rating) has been assigned a consensus recommendation of “Buy” from the six research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $1,350.00.

Several research firms have commented on EENEF. Peel Hunt raised shares of Electrocomponents to a “buy” rating in a research note on Thursday, March 31st. Stifel Nicolaus upgraded Electrocomponents from a “hold” rating to a “buy” rating in a research report on Thursday, March 10th. Finally, JPMorgan Chase & Co. lifted their target price on Electrocomponents from GBX 1,300 ($16.03) to GBX 1,350 ($16.64) in a research report on Thursday, March 31st.

OTCMKTS EENEF opened at $11.45 on Friday. The company has a fifty day moving average of $13.28 and a two-hundred day moving average of $14.40. Electrocomponents has a 52 week low of $11.45 and a 52 week high of $15.83.

About Electrocomponents (Get Rating)

Electrocomponents plc, together with its subsidiaries, distributes various electronics and industrial products in the United Kingdom, the United States, France, Germany, Italy, and internationally. It provides industrial interconnect and test, industrial automation and control, board-level electronics, and single-board computing products; and tools, consumables, and facilities maintenance products, such as personal protective equipment, site safety products, and 3D printing products.

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Analyst Recommendations for Electrocomponents (OTCMKTS:EENEF)

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