TT Electronics (LON:TTG) Reaches New 1-Year High – Still a Buy?

TT Electronics plc (LON:TTG)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 166.40 and last traded at GBX 165.20, with a volume of 363227 shares changing hands. The stock had previously closed at GBX 162.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TTG shares. Berenberg Bank raised their price objective on shares of TT Electronics from GBX 150 to GBX 200 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 110 price target on shares of TT Electronics in a report on Wednesday, September 2nd. Finally, Royal Bank Of Canada raised their price target on 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 investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 144.

TT Electronics Stock Up 0.7%

The stock has a market cap of £296.95 million, a price-to-earnings ratio of -7.56, a PEG ratio of 0.60 and a beta of 0.84. The business’s 50 day moving average is GBX 132.61 and its 200-day moving average is GBX 122.43. The company has a debt-to-equity ratio of 65.61, a quick ratio of 0.93 and a current ratio of 1.67.

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