The Beauty Tech Group (LON:TBTG) Stock Price Expected to Rise, Berenberg Bank Analyst Says

The Beauty Tech Group (LON:TBTG) had its price target hoisted by Berenberg Bank from GBX 550 to GBX 600 in a report issued on Thursday, Digital Look reports. The brokerage currently has a “buy” rating on the beauty technology company ‘s stock. Berenberg Bank’s price target would suggest a potential upside of 53.06% from the stock’s current price.

Separately, Canaccord Genuity Group initiated coverage on shares of The Beauty Tech Group in a research note on Monday, July 27th. They issued a “buy” rating and a GBX 545 target price on the stock. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 572.50.

The Beauty Tech Group Stock Performance

Shares of TBTG stock opened at GBX 392 on Thursday. The company has a market capitalization of £416.31 million and a price-to-earnings ratio of 35.64. The Beauty Tech Group has a one year low of GBX 213 and a one year high of GBX 410. The company’s 50-day moving average is GBX 349.10 and its 200 day moving average is GBX 323.23.

About The Beauty Tech Group

The Beauty Tech Group is a UK-headquartered beauty technology company focused on developing, marketing and selling clinically backed at-home beauty devices and related skincare products. The group operates a portfolio of category-leading brands, including CurrentBody Skin, ZIIP Beauty and Tria Laser, and offers products built around core aesthetic technologies used in professional settings, including LED light therapy, radio frequency, microcurrent and laser treatments.