TT Electronics (LON:TTG) Stock Rating Reaffirmed as Hold by Jefferies Financial Group

TT Electronics (LON:TTG)‘s stock had its “hold” rating reiterated by Jefferies Financial Group in a report released on Thursday, MarketBeat Ratings reports. They currently have a GBX 175 price objective on the stock. Jefferies Financial Group’s target price suggests a potential upside of 0.69% from the stock’s current price.

TTG has been the topic of several other reports. Berenberg Bank boosted their price target on shares of TT Electronics from GBX 150 to GBX 200 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Royal Bank Of Canada upped their price target on shares of TT Electronics from GBX 115 to GBX 160 and gave the company a “sector perform” rating in a research note on Thursday, September 3rd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, TT Electronics presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 170.

TT Electronics Trading Down 0.7%

TTG opened at GBX 173.80 on Thursday. The firm has a 50 day simple moving average of GBX 150.06 and a 200 day simple moving average of GBX 128.39. The company has a market cap of £310.16 million, a price-to-earnings ratio of -7.90, a price-to-earnings-growth ratio of 0.60 and a beta of 0.84. TT Electronics has a fifty-two week low of GBX 93 and a fifty-two week high of GBX 182.80. The company has a debt-to-equity ratio of 65.61, a current ratio of 1.67 and a quick ratio of 0.93.

TT Electronics (LON:TTG) last posted its earnings results 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 anticipate that TT Electronics will post 16.7485822 earnings per share 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.