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 restated by research analysts at Canaccord Genuity Group in a research report issued on Tuesday,Digital Look reports. They presently have a GBX 176 price objective on the stock. Canaccord Genuity Group's price target indicates a potential upside of 18.92% from the stock's current price.

Eleco Trading Down 6.6%

ELCO stock opened at GBX 148 on Tuesday. The business has a fifty day moving average price of GBX 167.74 and a 200 day moving average price of GBX 149.67. Eleco has a fifty-two week low of GBX 106.36 and a fifty-two week high of GBX 182.40. The stock has a market capitalization of £122.32 million, a price-to-earnings ratio of 3,700.00 and a beta of 0.82. The company has a debt-to-equity ratio of 4.79, a current ratio of 1.01 and a quick ratio of 1.23.

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

Insider Buying and Selling

In other news, insider James Pellatt acquired 6,052 shares of the firm's stock in a transaction on Thursday, June 19th. The shares were purchased at an average cost of GBX 165 per share, for a total transaction of £9,985.80. Insiders own 14.14% of the company's stock.

About Eleco

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