Jefferies Financial Group Reiterates “Hold” Rating for TT Electronics (LON:TTG)

TT Electronics (LON:TTG)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Financial Group in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 110 price target on the stock. Jefferies Financial Group’s price target suggests a potential downside of 27.61% from the company’s previous close.

Separately, Berenberg Bank boosted their target price on shares of TT Electronics from GBX 150 to GBX 200 and gave the stock a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 140.

TT Electronics Trading Up 12.6%

LON TTG opened at GBX 151.96 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.71 and a debt-to-equity ratio of 70.10. TT Electronics has a 52 week low of GBX 93 and a 52 week high of GBX 155. The stock has a market capitalization of £271.13 million, a PE ratio of -5.33, a price-to-earnings-growth ratio of 0.60 and a beta of 0.83. The firm has a 50 day moving average of GBX 125.83 and a two-hundred day moving average of GBX 120.77.

TT Electronics (LON:TTG) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported GBX 5.70 EPS for the quarter. TT Electronics had a negative net margin of 10.51% and a negative return on equity of 31.21%. As a group, research analysts expect that TT Electronics will post 16.7485822 EPS for the current fiscal year.

Insiders Place Their Bets

In other TT Electronics news, insider Phil Swash bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was purchased at an average price of GBX 119 per share, for a total transaction of £119,000. 8.80% of the stock is currently owned by insiders.

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.