Electrocomponents' revenue rises as it implements improvement plan
10th Feb 2017 07:53
(ShareCast News) - Electrocomponents' revenue grew as it implemented initiatives to stabilise its gross margin and reduce costs. For the four months ended 31 January, the electronics distributor reported that sales increased 6% when compared to the previous year, with growth seen across all its main
Read moreTuesday broker round-up
22nd Nov 2016 09:56
(ShareCast News) - BT Group: UBS reiterates neutral with a target price of 400p. Tesco: JP Morgan reiterates underweight with a 135p target. Relx: Credit Suisse stays at outperform with a 1600p target. Pets at Home: HSBC reiterates buy with a 320p target. Royal Dutch Shell B: UBS starts coverage
Read moreElectrocomponents H1 headline profits up 44%
18th Nov 2016 07:23
(ShareCast News) - Engineering distribution firm Electrocomponents reported a healthy 44% jump in first half pre-tax headline profits to £55.1m. Reported profits were up 174% to £54.5m after the reduction in exceptional charges to £0.6m to £11.4 million. Revenues were up to £706m from £626m, boosted
Read moreFriday preview: Central bank speakers in focus
17th Nov 2016 15:31
(ShareCast News) - Another frenetic week for investors who were trying to decipher what the results of the US election meant for them was set to come to a close with a whimper - barring unexpected surprises. No major data releases were scheduled to be published the next day in any of the main geogra
Read moreBroker tips: Mitie, Electrocomponents, Anglo American
16th Nov 2016 15:17
(ShareCast News) - RBC Capital Markets downgraded outsourcing company Mitie 'underperform' from 'sector perform' and cut the price target to 160p from 195p ahead of first-half results. "We already know H1 will not be good. However, the key question is whether the trading and outlook has improved. "
Read moreFTSE 250 movers: Vedanta gains on outlook for zinc, Ocado loses out on Amazon deal
16th Nov 2016 15:17
(ShareCast News) - The FTSE 250 index was down 0.48% at 17,488.87 at 1604 GMT on Wednesday. Goldman Sachs upgraded Vedanta Resources from 'Neutral' to 'Buy', raised its price target from 450p to 1,300p and added it to their Conviction List, sending its shares up. The bank believes the price of zinc
Read moreHSBC upgrades Electrocomponents to 'buy' as sentiment shifts
16th Nov 2016 08:36
(ShareCast News) - HSBC upgraded Electrocomponents to 'buy' from 'hold' and lifted the price target to 430p from 240p as it pointed to the self-help story. The bank pointed out that investor sentiment towards the company has shifted. "A company that had been perceived as being doomed to dwindling r
Read moreBroker tips: Sports Direct, Ashmore, Electrocomponents
12th Oct 2016 17:35
(ShareCast News) - Sports Direct International was under the cosh on Wednesday as Cantor Fitzgerald cut its price target on the hold-rated stock to 260p from 320p after the company warned last week that full-year 2017 earnings would be hit by recent currency movements. "The news is obviously disappo
Read moreWednesday broker round-up
12th Oct 2016 14:40
(ShareCast News) - Shire: Goldman Sachs keeps at buy with a target price of 6300p. Page Group: HSBC reiterates hold, 385p target. McCarthy & Stone: UBS keeps at sell with a 150p target. Arrow Global: Macquarie reiterates outperform with a 335p target. Electrocomponents: Citigroup keeps at neutral
Read moreElectrocomponents boosted by Citi upgrade
12th Oct 2016 12:30
(ShareCast News) - Electrocomponents got a boost after Citigroup upgraded the stock to 'neutral' from 'sell' and lifted the price target to 375p from 235p. The bank said the change in recommendation reflects earnings per share upgrades and recognises gross margin stabilisation, increased own brand p
Read moreFTSE 250 movers: Exporters exce but OneSavings tops the list
4th Oct 2016 16:04
(ShareCast News) - Boosted by another plunge in the pound that is expected to prop up exporters, the FTSE 250 was 1.66% higher late on Tuesday. Exporting companies that were high in the leaderboard included European-focused lender International Personal Finance, equipment rental group Aggreko, which
Read moreTuesday broker round-up
20th Sep 2016 15:46
(ShareCast News) - Petra Diamonds: Citigroup reiterates buy with a target price of 120p; JP Morgan reiterates overweight with a 139p target. Bovis Homes: UBS upgrades to neutral, 910p target. Electrocomponents: Credit Suisse keeps at underperform with a 300p target. Easyjet: HSBC keeps at reduce w
Read moreElectrocomponents expects solid increase in H1 profit
15th Sep 2016 07:33
(ShareCast News) - FTSE 250 electronics distributor Electrocomponents said on Thursday that it expects to post a significant increase in first-half pre-tax profit following stronger-than-anticipated trading. In a trading update ahead of its half-year results in November, the company said it now expe
Read moreFTSE 250 movers: Precious metals miners knocked lower
20th Jul 2016 17:01
(ShareCast News) - Electrocomponents paced gains on the second-tier index after the electrical components distributor said its first quarter sales to 30 June grew only 1%, but that was a slowdown from the 3.5% rise recorded in the first six weeks of the period. It was also down from the 2% growth in
Read moreElectrocomponents improves margins though sales slow in first quarter
20th Jul 2016 08:50
(ShareCast News) - Electrocomponents got off to a strong start to its financial year, with gross margins improving as cost-cutting proves more effective than expected. Sales in the electrical components distributor's first quarter to 30 June grew only 1%, but this was a slowdown from the 3.5% rise i
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