TT Electronics (LON:TTG) Price Target Raised to GBX 200

TT Electronics (LON:TTG) had its target price increased by Berenberg Bank from GBX 150 to GBX 200 in a report published on Wednesday morning,Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 110 price target on shares of TT Electronics in a research note on Friday, May 15th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, TT Electronics has an average rating of “Hold” and a consensus target price of GBX 144.

TT Electronics Stock Up 0.7%

LON TTG opened at GBX 151.40 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 0.93 and a debt-to-equity ratio of 65.61. The stock’s 50 day moving average is GBX 127.99 and its two-hundred day moving average is GBX 121.26. The company has a market capitalization of £270.13 million, a price-to-earnings ratio of -5.31, a PEG ratio of 0.60 and a beta of 0.83. TT Electronics has a 1-year low of GBX 93 and a 1-year high of GBX 155.

TT Electronics (LON:TTG) last released its quarterly earnings data on Wednesday, September 2nd. The company reported GBX 5.70 earnings per share for the quarter. TT Electronics had a negative return on equity of 24.38% and a negative net margin of 7.80%. Equities analysts forecast that TT Electronics will post 16.7485822 earnings per share for the current fiscal year.

Insider Transactions at TT Electronics

In other news, insider Phil Swash purchased 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was purchased at an average cost of GBX 119 per share, with a total value of £119,000. 8.80% of the stock is owned by corporate 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.