The Beauty Tech Group (LON:TBTG) Sets New 1-Year High – Here’s Why

The Beauty Tech Group (LON:TBTG)’s share price hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as GBX 506 and last traded at GBX 506, with a volume of 242,904 shares traded. The stock had previously closed at GBX 502.

Analyst Upgrades and Downgrades

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

The Beauty Tech Group Price Performance

The stock has a market cap of £537.38 million and a P/E ratio of 27.35. The firm’s fifty day moving average price is GBX 422.37 and its two-hundred day moving average price is GBX 344.96.

The Beauty Tech Group (LON:TBTG) last issued its quarterly earnings data 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.