Jefferies Financial Group Reiterates Hold Rating for TT Electronics (LON:TTG)

TT Electronics (LON:TTG)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Financial Group in a research note issued to investors on Friday,London Stock Exchange reports. They currently have a GBX 110 target price on the stock. Jefferies Financial Group’s price target indicates a potential downside of 6.30% from the stock’s current price.

A number of other analysts also recently issued reports on TTG. Stifel Nicolaus reiterated a “buy” rating and set a GBX 145 price target on shares of TT Electronics in a research report on Thursday, March 26th. Berenberg Bank upgraded shares of TT Electronics to a “buy” rating and raised their price objective for the company from GBX 120 to GBX 150 in a research report on Monday, April 13th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 127.50.

TT Electronics Price Performance

LON TTG traded down GBX 0.60 during trading hours on Friday, hitting GBX 117.40. The company had a trading volume of 1,193,267 shares, compared to its average volume of 382,870. The company has a debt-to-equity ratio of 70.10, a quick ratio of 0.93 and a current ratio of 1.71. The firm has a market capitalization of £209.10 million, a price-to-earnings ratio of -4.12, a PEG ratio of 0.60 and a beta of 0.87. TT Electronics has a 52 week low of GBX 86.62 and a 52 week high of GBX 154.80. The firm has a 50 day simple moving average of GBX 116.52 and a 200 day simple moving average of GBX 121.31.

TT Electronics (LON:TTG) last issued its quarterly earnings data on Wednesday, March 25th. The company reported GBX 6.90 EPS for the quarter. TT Electronics had a negative net margin of 10.51% and a negative return on equity of 31.21%. Equities research analysts expect that TT Electronics 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.