TT Electronics plc (LON:TTG – Get Free Report)’s share price hit a new 52-week high on Thursday . The stock traded as high as GBX 177 and last traded at GBX 176, with a volume of 27023846 shares changing hands. The stock had previously closed at GBX 175.
Analyst Ratings Changes
TTG has been the topic of several recent analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 110 price target on shares of TT Electronics in a research note on Wednesday, September 2nd. Berenberg Bank raised their price objective on TT Electronics from GBX 150 to GBX 200 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Finally, Royal Bank Of Canada lifted their price objective on TT Electronics from GBX 115 to GBX 160 and gave the stock a “sector perform” rating in a report on Thursday, September 3rd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 144.
Read Our Latest Stock Report on TT Electronics
TT Electronics Stock Up 0.1%
TT Electronics (LON:TTG – Get Free Report) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported GBX 5.70 earnings per share for the quarter. TT Electronics had a negative net margin of 7.80% and a negative return on equity of 24.38%. On average, sell-side analysts predict that TT Electronics plc will post 16.7485822 earnings per share for the current 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.
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