The Beauty Tech Group (LON:TBTG) Price Target Raised to GBX 600

The Beauty Tech Group (LON:TBTG) had its target price raised by research analysts at Canaccord Genuity Group from GBX 545 to GBX 600 in a research note issued on Tuesday, Digital Look reports. The firm presently has a “buy” rating on the beauty technology company ‘s stock. Canaccord Genuity Group’s target price points to a potential upside of 39.36% from the company’s previous close.

Separately, Berenberg Bank lifted their price target on shares of The Beauty Tech Group from GBX 550 to GBX 600 and gave the company a “buy” rating in a research report on Thursday, September 17th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, The Beauty Tech Group currently has an average rating of “Buy” and an average price target of GBX 600.

The Beauty Tech Group Stock Performance

TBTG stock opened at GBX 430.54 on Tuesday. The stock’s 50 day simple moving average is GBX 352.46 and its 200 day simple moving average is GBX 325.64. The company has a market cap of £457.23 million and a P/E ratio of 39.14. The Beauty Tech Group has a fifty-two week low of GBX 213 and a fifty-two week high of GBX 444.

The Beauty Tech Group (LON:TBTG) last announced its quarterly earnings data on Thursday, September 17th. The beauty technology company reported GBX 11.80 EPS for the quarter.

About The Beauty Tech Group

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.