TT Electronics (LON:TTG) Sets New 52-Week High – Here’s What Happened

TT Electronics plc (LON:TTG) shares reached a new 52-week high during mid-day trading on Thursday. The company traded as high as GBX 199.20 and last traded at GBX 197.60, with a volume of 418,784 shares changing hands. The stock had previously closed at GBX 193.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their price objective on shares of TT Electronics from GBX 115 to GBX 160 and gave the stock a “sector perform” rating in a research report on Thursday, September 3rd. Jefferies Financial Group reissued a “hold” rating and set a GBX 175 price target on shares of TT Electronics in a research report on Thursday, October 1st. Finally, Berenberg Bank upped their price objective on shares of TT Electronics from GBX 150 to GBX 200 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 170.

TT Electronics Price Performance

The stock’s fifty day moving average is GBX 168.71 and its 200-day moving average is GBX 131.37. The company has a debt-to-equity ratio of 65.61, a current ratio of 1.67 and a quick ratio of 0.93. The stock has a market cap of £352.63 million, a PE ratio of -8.98, a price-to-earnings-growth ratio of 0.60 and a beta of 0.84.

TT Electronics (LON:TTG) last issued 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%. As a group, equities analysts anticipate that TT Electronics plc will post 16.75 EPS for the current year.

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.