TT Electronics (LON:TTG) Price Target Raised to GBX 200 at Berenberg Bank

TT Electronics (LON:TTGGet Free Report) had its target price upped by Berenberg Bank from GBX 150 to GBX 200 in a research report issued on Wednesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 31.62% from the company’s current price.

Separately, Jefferies Financial Group reiterated a “hold” rating and set a GBX 110 target price on shares of TT Electronics in a report on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 140.

Read Our Latest Research Report on TTG

TT Electronics Trading Up 12.6%

Shares of TTG opened at GBX 151.96 on Wednesday. TT Electronics has a 1-year low of GBX 93 and a 1-year high of GBX 155. The company has a current ratio of 1.71, a quick ratio of 0.93 and a debt-to-equity ratio of 70.10. The firm’s 50-day moving average price is GBX 125.83 and its 200-day moving average price is GBX 120.77. The firm has a market capitalization of £271.13 million, a price-to-earnings ratio of -5.33, a PEG ratio of 0.60 and a beta of 0.83.

TT Electronics (LON:TTGGet Free Report) last released its quarterly earnings results on Wednesday, September 2nd. The company reported GBX 5.70 earnings per share (EPS) for the quarter. TT Electronics had a negative net margin of 10.51% and a negative return on equity of 31.21%. Sell-side analysts anticipate that TT Electronics will post 16.7485822 EPS for the current year.

Insider Transactions at TT Electronics

In other TT Electronics news, insider Phil Swash purchased 100,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was bought at an average cost of GBX 119 per share, with a total value of £119,000. 8.80% of the stock is currently owned by company insiders.

About TT Electronics

(Get Free Report)

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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