TT Electronics (LON:TTG) Stock Price Up 10.2% – Still a Buy?

TT Electronics plc (LON:TTG) rose 10.2% during mid-day trading on Monday . The company traded as high as GBX 136.98 and last traded at GBX 130. Approximately 533,230 shares traded hands during mid-day trading, an increase of 22% from the average daily volume of 438,622 shares. The stock had previously closed at GBX 118.

Analyst Upgrades and Downgrades

Several brokerages have commented on TTG. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 110 price target on shares of TT Electronics in a research note on Friday, May 15th. Berenberg Bank upgraded TT Electronics to a “buy” rating and raised their price objective for the company from GBX 120 to GBX 150 in a research report on Monday, April 13th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 127.50.

TT Electronics Trading Up 10.2%

The firm has a market cap of £231.95 million, a P/E ratio of -4.56, a P/E/G ratio of 0.60 and a beta of 0.83. The stock has a 50 day simple moving average of GBX 116.96 and a 200-day simple moving average of GBX 117.21. The company has a current ratio of 1.71, a quick ratio of 0.93 and a debt-to-equity ratio of 70.10.

Insider Buying and Selling at TT Electronics

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

TT Electronics Company Profile

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.