Eleco (LON:ELCO) Stock Price Up 11.6% After Analyst Upgrade

Eleco Plc (LON:ELCOGet Free Report) traded up 11.6% during mid-day trading on Tuesday after Canaccord Genuity Group raised their price target on the stock from GBX 176 to GBX 196. Canaccord Genuity Group currently has a buy rating on the stock. Eleco traded as high as GBX 147.40 and last traded at GBX 147.36. 114,709 shares were traded during mid-day trading, an increase of 35% from the average session volume of 85,079 shares. The stock had previously closed at GBX 132.

Eleco Stock Up 3.3%

The company has a current ratio of 1.01, a quick ratio of 1.23 and a debt-to-equity ratio of 4.79. The company has a 50 day simple moving average of GBX 131.83 and a two-hundred day simple moving average of GBX 149.41. The firm has a market capitalization of £126.14 million, a P/E ratio of 33.87 and a beta of 0.82.

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