Eleco (LON:ELCO) Coverage Initiated by Analysts at Canaccord Genuity Group

Equities researchers at Canaccord Genuity Group assumed coverage on shares of Eleco (LON:ELCO) in a research note issued on Thursday, MarketBeat.com reports. The brokerage set a “buy” rating and a GBX 176 ($2.34) price target on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 25.71% from the company’s current price.

Eleco Price Performance

Shares of ELCO opened at GBX 140 ($1.86) on Thursday. The company has a market cap of £116.64 million, a P/E ratio of 39.63 and a beta of 0.82. Eleco has a fifty-two week low of GBX 104.26 ($1.39) and a fifty-two week high of GBX 152.90 ($2.03). The company has a quick ratio of 1.23, a current ratio of 1.01 and a debt-to-equity ratio of 4.79. The firm’s 50 day moving average price is GBX 123.79 and its 200 day moving average price is GBX 135.10.

Eleco (LON:ELCO) last posted its quarterly earnings data on Thursday, May 1st. The company reported GBX 5.10 ($0.07) earnings per share for the quarter. Eleco had a return on equity of 10.50% and a net margin of 9.46%. On average, research analysts forecast that Eleco will post 6 earnings per share for the current fiscal year.

Insider Activity

In other Eleco news, insider Jonathan Albert Hunter purchased 20,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was bought at an average cost of GBX 48 ($0.64) per share, with a total value of £9,600 ($12,771.05). Company insiders own 51.92% of the company’s stock.

Eleco Company Profile