The Beauty Tech Group (LON:TBTG) Sets New 1-Year High – What’s Next?

Shares of The Beauty Tech Group (LON:TBTG) reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as GBX 544 and last traded at GBX 529.44, with a volume of 48,148 shares. The stock had previously closed at GBX 530.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TBTG shares. Berenberg Bank upped their target price on 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 raised their price target on shares of The Beauty Tech Group from GBX 545 to GBX 600 and gave the stock a “buy” rating in a research report on Tuesday, September 22nd. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 600.

The Beauty Tech Group Stock Performance

The firm has a market cap of £560.72 million and a price-to-earnings ratio of 28.75. The business’s 50 day moving average price is GBX 447.60 and its 200-day moving average price is GBX 352.31.

The Beauty Tech Group (LON:TBTG) last issued its quarterly earnings results on Thursday, September 17th. The beauty technology company reported GBX 11.80 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. The company positions itself as a brand-led, vertically integrated operator bringing professional-grade beauty technology into the consumer home market at global scale.