TT Electronics’ (TTG) “Hold” Rating Reaffirmed at Berenberg Bank

TT Electronics (LON:TTG)‘s stock had its “hold” rating reaffirmed by research analysts at Berenberg Bank in a report issued on Wednesday, MarketBeat Ratings reports. They presently have a GBX 120 price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 10.31% from the company’s previous close.

TT Electronics Price Performance

LON TTG opened at GBX 108.78 on Wednesday. The company has a market cap of £193.70 million, a PE ratio of -2.89, a P/E/G ratio of 0.60 and a beta of 0.95. TT Electronics has a 52-week low of GBX 61.90 and a 52-week high of GBX 154.80. The company has a debt-to-equity ratio of 81.11, a quick ratio of 0.93 and a current ratio of 1.90. The firm’s 50 day moving average price is GBX 117.74 and its 200-day moving average price is GBX 117.98.

TT Electronics (LON:TTG) last posted its earnings results on Wednesday, March 25th. The company reported GBX 6.90 earnings per share for the quarter. TT Electronics had a negative return on equity of 37.50% and a negative net margin of 14.38%. Sell-side analysts forecast that TT Electronics will post 16.7485822 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Warren Tucker sold 44,532 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of GBX 111, for a total transaction of £49,430.52. 8.76% of the stock is currently owned by insiders.

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.