TT Electronics’ (TTG) Hold Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of TT Electronics (LON:TTG) in a research report released on Wednesday, Marketbeat.com reports. They currently have a GBX 120 price target on the stock.

TT Electronics Trading Up 1.1%

Shares of TTG opened at GBX 111.19 on Wednesday. TT Electronics has a 1-year low of GBX 61.90 and a 1-year high of GBX 154.80. The company has a market capitalization of £197.99 million, a P/E ratio of -2.96, a P/E/G ratio of 0.60 and a beta of 1.99. The company has a debt-to-equity ratio of 70.10, a current ratio of 1.71 and a quick ratio of 0.93. The firm’s 50 day simple moving average is GBX 117.75 and its 200 day simple moving average is GBX 117.92.

TT Electronics (LON:TTG) last released its quarterly earnings results on Wednesday, March 25th. The company reported GBX 6.90 EPS for the quarter. TT Electronics had a negative net margin of 10.51% and a negative return on equity of 31.21%. Sell-side analysts forecast that TT Electronics will post 16.7485822 earnings per share for the current fiscal year.

Insider Buying and Selling

In other TT Electronics news, insider Warren Tucker sold 48,445 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of GBX 109, for a total transaction of £52,805.05. 8.76% of the stock is currently 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.