TT Electronics (TTG) Earns “Buy” Rating from Jefferies Financial Group
Several other brokerages also recently issued reports on TTG. Berenberg Bank upped their price target on shares of TT Electronics from GBX 290 ($3.74) to GBX 320 ($4.13) and gave the stock a buy rating in a research report on Thursday, August 9th. Peel Hunt reiterated a buy rating on shares of TT Electronics in a research report on Monday, June 4th. Numis Securities reiterated a buy rating on shares of TT Electronics in a research report on Monday, June 4th. Finally, Liberum Capital upped their price target on shares of TT Electronics from GBX 240 ($3.10) to GBX 300 ($3.87) and gave the stock a buy rating in a research report on Friday, June 29th. Five equities research analysts have rated the stock with a buy rating, TT Electronics presently has a consensus rating of Buy and a consensus price target of GBX 290 ($3.74).
Shares of LON TTG opened at GBX 262.50 ($3.39) on Wednesday. TT Electronics has a 12-month low of GBX 170 ($2.19) and a 12-month high of GBX 245 ($3.16).
The business also recently declared a dividend, which will be paid on Thursday, October 18th. Investors of record on Thursday, October 4th will be given a dividend of GBX 1.95 ($0.03) per share. The ex-dividend date of this dividend is Thursday, October 4th. This represents a yield of 0.76%.
In other TT Electronics news, insider Neil A. P. Carson bought 40,000 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were bought at an average cost of GBX 258 ($3.33) per share, for a total transaction of £103,200 ($133,126.93).
About TT Electronics
TT Electronics plc provides engineered electronics for performance critical applications worldwide. It operates in three divisions: Sensors and Specialist Components, Power Electronics, and Global Manufacturing Solutions. The Sensors and Specialist Components division designs and manufactures engineered parts, such as circuit protection, current sensing, signal conditioning, optoelectronics, and sensors for torque, position, pressure, flow and temperature.
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