TT Electronics plc (LON:TTG – Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as GBX 199 and last traded at GBX 189.80, with a volume of 6,250,605 shares. The stock had previously closed at GBX 185.
Analyst Upgrades and Downgrades
TTG has been the subject of a number of research reports. Berenberg Bank upped their target price on shares of TT Electronics from GBX 150 to GBX 200 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Royal Bank Of Canada increased their target price on shares of TT Electronics from GBX 115 to GBX 160 and gave the company a “sector perform” rating in a research report on Thursday, September 3rd. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 175 price target on shares of TT Electronics in a research note on Thursday, October 1st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 170.
Check Out Our Latest Report on TT Electronics
TT Electronics Price Performance
TT Electronics (LON:TTG – Get Free Report) last issued its earnings results on Wednesday, September 2nd. The company reported GBX 5.70 earnings per share (EPS) for the quarter. TT Electronics had a negative return on equity of 24.38% and a negative net margin of 7.80%. On average, equities research analysts predict that TT Electronics plc will post 16.75 earnings per share 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.
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