TT Electronics (LON:TTG) Hits New 52-Week High – Here’s Why

TT Electronics plc (LON:TTG)’s share price hit a new 52-week high during trading on Thursday. The company traded as high as GBX 199.20 and last traded at GBX 197.60, with a volume of 418,784 shares traded. The stock had previously closed at GBX 193.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TTG. Berenberg Bank upped their price objective on shares of TT Electronics from GBX 150 to GBX 200 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Jefferies Financial Group reissued a “hold” rating and set a GBX 175 price objective on shares of TT Electronics in a research report on Thursday, October 1st. Finally, Royal Bank Of Canada boosted their price objective on shares of TT Electronics from GBX 115 to GBX 160 and gave the stock a “sector perform” rating in a research note on Thursday, September 3rd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 170.

TT Electronics Trading Down 1.5%

The company has a debt-to-equity ratio of 65.61, a quick ratio of 0.93 and a current ratio of 1.67. The stock’s fifty day moving average is GBX 171.17 and its 200 day moving average is GBX 132.23. The stock has a market cap of £348.70 million, a P/E ratio of -8.88, a P/E/G ratio of 0.60 and a beta of 0.84.

TT Electronics (LON:TTG) last released its quarterly earnings data 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 7.80% and a negative return on equity of 24.38%. As a group, equities research analysts predict that TT Electronics plc will post 16.75 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.