TT Electronics (LON:TTG) Price Target Raised to GBX 160

TT Electronics (LON:TTG) had its price objective increased by Royal Bank Of Canada from GBX 115 to GBX 160 in a report issued on Thursday,Digital Look reports. They currently have a sector perform rating on the stock.

Several other brokerages also recently weighed in on TTG. Jefferies Financial Group restated a “hold” rating and set a GBX 110 target price on shares of TT Electronics in a research note on Wednesday. Berenberg Bank lifted their price target on TT Electronics from GBX 150 to GBX 200 and gave the stock a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 144.

TT Electronics Price Performance

LON TTG opened at GBX 151.40 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.67 and a debt-to-equity ratio of 65.61. The stock has a market capitalization of £270.13 million, a PE ratio of -5.31, a price-to-earnings-growth ratio of 0.60 and a beta of 0.83. The company has a 50 day moving average price of GBX 127.99 and a two-hundred day moving average price of GBX 121.26. TT Electronics has a 12-month low of GBX 93 and a 12-month high of GBX 155.

TT Electronics (LON:TTG) last released its quarterly earnings results on Wednesday, September 2nd. The company reported GBX 5.70 earnings per share (EPS) for the quarter. TT Electronics had a negative return on equity of 24.38% and a negative net margin of 7.80%. As a group, equities analysts predict that TT Electronics will post 16.7485822 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Phil Swash acquired 100,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was bought at an average price of GBX 119 per share, with a total value of £119,000. 8.80% of the stock is owned by company insiders.

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.