TT Electronics (LON:TTG) Stock Keeps “Hold” Rating at Jefferies Financial Group

TT Electronics (LON:TTG)‘s stock had its “hold” rating reissued by Jefferies Financial Group in a research note issued on Thursday, Marketbeat reports. They currently have a GBX 175 price objective on the stock. Jefferies Financial Group’s price target suggests a potential downside of 6.82% from the company’s current price.

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

TT Electronics Stock Performance

TTG traded up GBX 14 during trading on Thursday, reaching GBX 187.80. 902,899 shares of the company were exchanged, compared to its average volume of 433,249. TT Electronics has a 52 week low of GBX 93 and a 52 week high of GBX 189.80. The company has a current ratio of 1.67, a quick ratio of 0.93 and a debt-to-equity ratio of 65.61. The stock has a market cap of £335.14 million, a P/E ratio of -8.54, a PEG ratio of 0.60 and a beta of 0.84. The firm has a 50 day moving average of GBX 150.06 and a 200 day moving average of GBX 128.47.

TT Electronics (LON:TTG) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported GBX 5.70 earnings per share (EPS) for the quarter. TT Electronics had a negative return on equity of 24.38% and a negative net margin of 7.80%. On average, sell-side analysts forecast that TT Electronics will post 16.7485822 EPS for the current fiscal year.

About TT Electronics

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.