Eleco Plc (LON:ELCO) Insider James Pellatt Acquires 6,052 Shares of Stock

Eleco Plc (LON:ELCO) insider James Pellatt acquired 6,052 shares of the stock in a transaction dated Thursday, June 19th. The stock was bought at an average cost of GBX 165 ($2.22) per share, with a total value of £9,985.80 ($13,428.99).

Eleco Stock Performance

Shares of ELCO opened at GBX 165 ($2.22) on Friday. The company has a current ratio of 1.01, a quick ratio of 1.23 and a debt-to-equity ratio of 4.79. The company has a market capitalization of £137.47 million, a price-to-earnings ratio of 46.71 and a beta of 0.82. The stock has a 50 day moving average of GBX 145.47 and a 200 day moving average of GBX 139.94. Eleco Plc has a 12 month low of GBX 106.36 ($1.43) and a 12 month high of GBX 173 ($2.33).

Eleco (LON:ELCO) last issued its quarterly earnings results on Thursday, May 1st. The company reported GBX 5.10 ($0.07) EPS for the quarter. Eleco had a return on equity of 10.50% and a net margin of 9.46%. As a group, sell-side analysts forecast that Eleco Plc will post 6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group started coverage on Eleco in a research note on Thursday, May 8th. They issued a “buy” rating and a GBX 176 ($2.37) price objective for the company.

Eleco Company Profile