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ECM Electrocomponents Plc

1,047.00
0.00 (0.00%)
17 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Electrocomponents Plc LSE:ECM London Ordinary Share GB0003096442 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1,047.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
1,043.00 1,045.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1,047.00 GBX

Electrocomponents (ECM) Latest News

Real-Time news about Electrocomponents Plc (London Stock Exchange): 0 recent articles

Electrocomponents (ECM) Discussions and Chat

Electrocomponents (ECM) Most Recent Trades

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Electrocomponents (ECM) Top Chat Posts

Top Posts
Posted at 26/4/2022 12:21 by philanderer
Jefferies cuts Electrocomponents price target to 1,410 (1,520) pence - 'buy'
Posted at 17/3/2022 14:31 by philanderer
Threadneedle’s Colwell shrugs off Electrocomponents fall


Electrocomponents (ECM) has been a detractor for the Threadneedle UK Equity Alpha Income fund but manager Richard Colwell says the electrical parts supplier is in good shape.

Electrocomponents is the second-largest holding in Colwell’s open-ended fund, making up 7.6% of the £321m portfolio, but it detracted from the fund’s performance at the beginning of the year ‘following a period of good returns in 2021’.

‘The shares slid in January even though the company reported that trading had been encouraging in the third quarter of its financial year, with strong revenue growth in its major operating regions,’ he said in his monthly update.

‘Management expressed some concerns that Covid-19-driven labour shortages could impact trading in the fourth quarter, but still guided for annual profits to beat forecasts.’

Shares in Electrocomponents rose 2.5% to £10.15 yesterday.


citywire.com
Posted at 09/3/2022 13:56 by km18
Electrocomponents plc issued a trading update for the nine weeks to 4 March 2022 and financial year to date. Since the turn of the year “momentum has built leading to a strong performance over the last nine weeks. Consequently, our revenue and adjusted operating profit margin are tracking ahead of expectations.” Like-for-like revenue growth is up 22% in the 9 weeks to 4th March 2022 and up 25% on the same basis ytd. Full-year profit performance is anticipated to be ahead of consensus estimates, currently for FY22 adjusted profit before tax of £285.0 million. Valuation is mid-range for the sector with forward PE ratio around 16.9. The share price was in a correction from record highs before today’s results-driven spike and with markets in turmoil there is no rush to buy. But the business has growth and is also high quality with healthy balance sheet and top quartile profitability ratios. One to monitor for the time being, any further cheapening of the share price would make it increasingly attractive....

...from WealthOracleAM
Posted at 18/1/2022 13:05 by philanderer
Momentum to continue at Electrocomponents


Electrocomponents (ECM) has delivered another strong quarter and Peel Hunt remains confident the electrical parts provider can maintain momentum.

Analyst Henry Carver reiterated his ‘add’ recommendation and target price of £14.20 on the stock, which closed up 1.8%, or 20p, at £11.28 on Monday.

He said the latest quarterly update, showing the group is trading slightly ahead of expectations, was ‘further evidence of strong momentum and market share gains’. This prompted Carver to make a 5% upgrade to the full year 2022 profit before tax estimate to £287.5m, but he left 2023 forecasts unchanged as comparatives become tougher.

Carver said: ‘We remain confident that this will continue. Recent investment in the business operations in North America and Germany and a steady focus on the customer offer is clearly delivering results, and we are fully onboard with management’s commitment to achieving its margin targets in the medium term.’


citywire.com
Posted at 12/1/2022 15:11 by philanderer
Electrocomponents is a ‘highly attractive’ story


The story at Electrocomponents (ECM) remains ‘highly attractive’ as momentum remains strong at the electrical parts distributor, says Liberum.

Analyst Sanjay Vidyarthi retained his ‘buy’ and increased the target price from £14 to £14.40 on the stock, which ticked up 1.3%, or 15p, to £11.90 on Tuesday.

‘Momentum remains strong at Electrocomponents with better-than-expected third quarter sales driven by high availability levels and market share gains,’ he said.

‘Importantly, progress on the gross margin and earnings margin has been maintained despite cost pressures.’

Vidyarthi raised 2022 profit-before-tax forecasts by 3% and said there was ‘further scope for upgrades through the year’.

‘The longer-term sales and margin expansion story remains highly attractive,’ he added.
Posted at 10/1/2022 11:36 by philanderer
JEFFERIES RAISES ELECTROCOMPONENTS PRICE TARGET TO 1,520 (1,500) PENCE - 'BUY'
Posted at 09/11/2021 11:06 by philanderer
JEFFERIES RAISES ELECTROCOMPONENTS PRICE TARGET TO 1,500 (1,250) PENCE - 'BUY'
Posted at 08/11/2021 11:13 by philanderer
Peel Hunt: Electrocomponents taking market share

Electrocomponents (ECM) is taking a bigger piece of the pie in its markets and broker Peel Hunt says there is ‘good momentum’ in the electrical component supplier.

Analyst Henry Carver reiterated his ‘add’ recommendation and increased the target price from £13.90 to £14.20 on the stock, which closed down 0.2% at £12.05 on Friday after its interims came in ‘slightly ahead’ of expectations earlier in the week.

‘Electrocomponents has posted another solid update, and we see organic momentum in the business complementing the self-help measures implemented in recent years,’ he said.

‘[It] is continuing to see strong market share gains and good growth in customer numbers, and the combination of strong top line performance and self-help is translating into good market progression.’

Carver said ‘despite the tough external operating environment’ he had upgraded his earnings estimates and the target price on the stock, adding that it had shown ‘differentiation versus the peer group’.
Posted at 05/11/2021 10:41 by philanderer
RBC RAISES ELECTROCOMPONENTS PRICE TARGET TO 1,450 (1,350) PENCE - 'OUTPERFORM'

JPMORGAN RAISES ELECTROCOMPONENTS TARGET TO 1,477 (1,383) PENCE - 'OVERWEIGHT'
Posted at 28/9/2021 11:31 by philanderer
(Sharecast News)

- RBC Capital Markets upgraded Electrocomponents on Tuesday to 'outperform' from 'sector perform' and hiked the price target to 1,350p from 1,070p as it said the company will be a long-term winner.

"We have been fans of ECM for a while and believe the pandemic has further strengthened its competitive advantage given its digital and web capability, stock availability and omni-channel superior service proposition," RBC said.

"We see strong potential for further market share gains, believe mid-teen margins are achievable from a number of levers (and now factor this in by 2026) and see further M&A as an incremental value driver."

RBC said its medium-term forecast increases drive the uplift in the target price.
Electrocomponents share price data is direct from the London Stock Exchange

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