The Beauty Tech Group (LON:TBTG) Stock Price Down 1.7% – Time to Sell?

The Beauty Tech Group (LON:TBTG)’s stock price fell 1.7% during mid-day trading on Friday. The company traded as low as GBX 422 and last traded at GBX 462. Approximately 503,813 shares traded hands during trading, an increase of 49% from the average daily volume of 337,348 shares. The stock had previously closed at GBX 470.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TBTG. Canaccord Genuity Group lifted their price target on The Beauty Tech Group from GBX 545 to GBX 600 and gave the stock a “buy” rating in a research note on Tuesday, September 22nd. Berenberg Bank upped their price target on shares of The Beauty Tech Group from GBX 550 to GBX 600 and gave the company a “buy” rating in a report on Thursday, September 17th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 600.

The Beauty Tech Group Stock Performance

The company’s 50-day moving average price is GBX 380.69 and its 200 day moving average price is GBX 342.16. The stock has a market capitalization of £490.65 million and a PE ratio of 24.97.

The Beauty Tech Group (LON:TBTG) last announced its quarterly earnings results on Thursday, September 17th. The beauty technology company reported GBX 11.80 earnings per share (EPS) for the quarter.

About The Beauty Tech Group

The Beauty Tech Group is a UK-headquartered beauty technology company focused on developing, marketing and selling clinically backed at-home beauty devices and related skincare products. The group operates a portfolio of category-leading brands, including CurrentBody Skin, ZIIP Beauty and Tria Laser, and offers products built around core aesthetic technologies used in professional settings, including LED light therapy, radio frequency, microcurrent and laser treatments.