TT Electronics (LON:TTG) Sets New 1-Year High – Here’s Why

TT Electronics plc (LON:TTG)’s share price hit a new 52-week high on Thursday . The company traded as high as GBX 166.40 and last traded at GBX 165.20, with a volume of 363227 shares. The stock had previously closed at GBX 162.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TTG. Royal Bank Of Canada boosted their price target 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 restated a “hold” rating and set a GBX 110 price target on shares of TT Electronics in a report on Wednesday, September 2nd. Finally, Berenberg Bank lifted their price objective on TT Electronics from GBX 150 to GBX 200 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, TT Electronics presently has a consensus rating of “Hold” and an average price target of GBX 144.

TT Electronics Trading Up 2.0%

The company has a quick ratio of 0.93, a current ratio of 1.67 and a debt-to-equity ratio of 65.61. The company has a 50-day moving average price of GBX 130.69 and a 200-day moving average price of GBX 121.87. The company has a market capitalization of £294.81 million, a price-to-earnings ratio of -7.51, a P/E/G ratio of 0.60 and a beta of 0.84.

TT Electronics (LON:TTG) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported GBX 5.70 EPS for the quarter. TT Electronics had a negative return on equity of 24.38% and a negative net margin of 7.80%. Research analysts predict that TT Electronics plc will post 16.7485822 EPS for the current fiscal 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.