Eleco (LON:ELCO) Given Buy Rating at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has restated a "buy" rating for Eleco (LON:ELCO) with a price target of GBX 176, indicating a potential upside of 18.92%.
• Eleco's stock opened at GBX 148 and has a market capitalization of £122.32 million, with a current price-to-earnings ratio of 3,700.00.
• Recent insider trading activity includes James Pellatt purchasing 6,052 shares at GBX 165 each, signaling confidence in the company among its executives.

Eleco (LON:ELCO - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Canaccord Genuity Group in a research note issued to investors on Tuesday, Marketbeat Ratings reports. They presently have a GBX 176 price objective on the stock. Canaccord Genuity Group's price objective indicates a potential upside of 18.20% from the company's previous close.

Eleco Trading Up 8.7%

LON ELCO traded up GBX 11.90 during trading hours on Tuesday, hitting GBX 148.90. 279,510 shares of the company's stock were exchanged, compared to its average volume of 111,063. The stock has a 50-day simple moving average of GBX 166.16 and a 200 day simple moving average of GBX 149.68. Eleco has a 1-year low of GBX 106.36 and a 1-year high of GBX 182.40. The firm has a market cap of £123.07 million, a price-to-earnings ratio of 3,722.50 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.23 and a debt-to-equity ratio of 4.79.

Eleco (LON:ELCO - Get Free Report) last released its earnings results on Tuesday, September 16th. The company reported GBX 2 EPS for the quarter. Eleco had a return on equity of 10.50% and a net margin of 9.46%. On average, equities analysts forecast that Eleco will post 6 EPS for the current fiscal year.

Eleco Company Profile