TT Electronics plc (LON:TTG – Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as GBX 182.80 and last traded at GBX 180.20, with a volume of 1569423 shares trading hands. The stock had previously closed at GBX 177.20.
Analyst Upgrades and Downgrades
Several research firms recently commented on TTG. Jefferies Financial Group restated a “hold” rating and set a GBX 110 target price on shares of TT Electronics in a research report on Wednesday, September 2nd. Royal Bank Of Canada lifted their price target on 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, Berenberg Bank upped their price objective on shares of TT Electronics from GBX 150 to GBX 200 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 153.75.
Check Out Our Latest Research Report on TTG
TT Electronics Trading Up 1.7%
TT Electronics (LON:TTG – Get Free Report) last posted its earnings results on Wednesday, September 2nd. The company reported GBX 5.70 EPS for the quarter. TT Electronics had a negative net margin of 7.80% and a negative return on equity of 24.38%. As a group, equities research analysts expect that TT Electronics plc will post 16.7485822 earnings per share for the current fiscal year.
TT Electronics Company Profile
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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