The Beauty Tech Group (LON:TBTG) Shares Up 3.2% – Time to Buy?

The Beauty Tech Group (LON:TBTG) shares traded up 3.2% during trading on Wednesday . The company traded as high as GBX 355 and last traded at GBX 351. 261,130 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 285,358 shares. The stock had previously closed at GBX 340.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Berenberg Bank boosted their price objective on The Beauty Tech Group from GBX 500 to GBX 550 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Canaccord Genuity Group initiated coverage on shares of The Beauty Tech Group in a report on Monday, July 27th. They set a “buy” rating and a GBX 545 price target on the stock. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 547.50.

The Beauty Tech Group Price Performance

The firm has a 50-day moving average of GBX 348.63 and a 200-day moving average of GBX 321.73. The stock has a market cap of £371.70 million and a PE ratio of 31.82.

The Beauty Tech Group Company Profile

The Beauty Tech Group is a UK-headquartered beauty technology company focused on developing, marketing and selling clinically backed at-home beauty devices and related skincare products. The group operates a portfolio of category-leading brands, including CurrentBody Skin, ZIIP Beauty and Tria Laser, and offers products built around core aesthetic technologies used in professional settings, including LED light therapy, radio frequency, microcurrent and laser treatments.