Berenberg Bank Reiterates Buy Rating for TT Electronics (LON:TTG)

TT Electronics (LON:TTG)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research report issued on Monday, Marketbeat reports. They currently have a GBX 270 ($3.53) price target on the stock. Berenberg Bank’s price target points to a potential upside of 17.39% from the company’s current price.

A number of other analysts also recently issued reports on TTG. Peel Hunt reaffirmed a “buy” rating on shares of TT Electronics in a report on Tuesday, November 19th. HSBC increased their target price on TT Electronics from GBX 295 ($3.85) to GBX 330 ($4.31) and gave the company a “buy” rating in a research note on Thursday, August 15th. Five analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of GBX 295 ($3.85).

Shares of LON:TTG opened at GBX 230 ($3.01) on Monday. The company’s fifty day moving average price is GBX 236.09 and its 200-day moving average price is GBX 236.78. The company has a debt-to-equity ratio of 48.87, a current ratio of 2.05 and a quick ratio of 1.19. The firm has a market capitalization of $376.08 million and a price-to-earnings ratio of 30.67. TT Electronics has a one year low of GBX 176 ($2.30) and a one year high of GBX 268 ($3.50).

TT Electronics Company Profile

TT Electronics plc provides engineered electronics for performance critical applications in the industrial, medical, aerospace and defense, and transportation markets worldwide. The company operates in three divisions: Sensors and Specialist Components, Power and Connectivity, and Global Manufacturing Solutions.

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Analyst Recommendations for TT Electronics (LON:TTG)

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