TT Electronics (LON:TTG) Sets New 12-Month High – Still a Buy?

TT Electronics plc (LON:TTG)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 177 and last traded at GBX 176, with a volume of 27023846 shares trading hands. The stock had previously closed at GBX 175.

Analysts Set New Price Targets

TTG has been the topic of a number of recent research reports. Berenberg Bank increased their target price on 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 reaffirmed a “hold” rating and issued a GBX 110 price target on shares of TT Electronics in a research report on Wednesday, September 2nd. Finally, Royal Bank Of Canada lifted their price target on TT Electronics from GBX 115 to GBX 160 and gave the stock a “sector perform” rating in a research report on Thursday, September 3rd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 144.

TT Electronics Trading Up 1.0%

The stock has a market cap of £315.87 million, a PE ratio of -8.05, a PEG ratio of 0.60 and a beta of 0.84. 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’s fifty day moving average price is GBX 138.18 and its 200 day moving average price is GBX 124.21.

TT Electronics (LON:TTG) last announced its quarterly earnings data 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 forecast that TT Electronics plc will post 16.7485822 EPS for the current 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.