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

TT Electronics (LON:TTG)‘s stock had its “hold” rating restated by investment analysts at Jefferies Financial Group in a report issued on Thursday, London Stock Exchange reports. They currently have a GBX 175 target price on the stock. Jefferies Financial Group’s price target indicates a potential downside of 0.46% from the company’s current price.

TTG has been the subject of several other reports. Berenberg Bank lifted their target price on shares of TT Electronics from GBX 150 to GBX 200 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Royal Bank Of Canada increased their price target on TT Electronics from GBX 115 to GBX 160 and gave the stock 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 170.

TT Electronics Price Performance

LON:TTG opened at GBX 175.80 on Thursday. TT Electronics has a 12-month low of GBX 93 and a 12-month high of GBX 182.80. The firm has a market cap of £313.73 million, a price-to-earnings ratio of -7.99, a price-to-earnings-growth ratio of 0.60 and a beta of 0.84. The company’s 50-day moving average is GBX 147.80 and its two-hundred day moving average is GBX 127.67. The company has a current ratio of 1.67, a quick ratio of 0.93 and a debt-to-equity ratio of 65.61.

TT Electronics (LON:TTG) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported GBX 5.70 EPS for the quarter. TT Electronics had a negative net margin of 7.80% and a negative return on equity of 24.38%. Research analysts expect that TT Electronics will post 16.7485822 EPS for the current 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.