TT Electronics (LON:TTG) Insider Phil Swash Purchases 100,000 Shares

TT Electronics plc (LON:TTG) insider Phil Swash bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average cost of GBX 119 per share, for a total transaction of £119,000.

TT Electronics Price Performance

TTG traded up GBX 1.40 on Tuesday, hitting GBX 117. 257,919 shares of the company’s stock traded hands, compared to its average volume of 351,847. The company’s 50 day simple moving average is GBX 117.69 and its 200-day simple moving average is GBX 118.87. The firm has a market cap of £208.70 million, a price-to-earnings ratio of -4.11, a P/E/G ratio of 0.60 and a beta of 0.84. TT Electronics plc has a one year low of GBX 89 and a one year high of GBX 154.80. The company has a current ratio of 1.71, a quick ratio of 0.93 and a debt-to-equity ratio of 70.10.

TT Electronics (LON:TTG) last issued its earnings results on Wednesday, March 25th. The company reported GBX 6.90 earnings per share (EPS) for the quarter. TT Electronics had a negative return on equity of 31.21% and a negative net margin of 10.51%. As a group, research analysts anticipate that TT Electronics plc will post 16.7485822 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TTG shares. Berenberg Bank raised TT Electronics to a “buy” rating and lifted their target price for the stock from GBX 120 to GBX 150 in a report on Monday, April 13th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 110 price target on shares of TT Electronics in a research report on Friday, May 15th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a GBX 145 target price on shares of TT Electronics in a report on Thursday, March 26th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, TT Electronics has an average rating of “Moderate Buy” and a consensus target price of GBX 127.50.

About TT Electronics

TT Electronics is a global provider of engineered electronics for performance critical applications.
TT engineers and manufactures electronic solutions enabling a safer, healthier and more sustainable world. TT benefits from enduring megatrends in structurally high-growth markets including healthcare, aerospace, defence, automation and electrification. TT invests in R&D to create designed-in products where reliability is mission critical. Products designed and manufactured include sensors, power management and connectivity solutions.