Jefferies Financial Group Reaffirms Hold Rating for TT Electronics (LON:TTG)

TT Electronics (LON:TTG)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They presently have a GBX 175 target price on the stock. Jefferies Financial Group’s price target indicates a potential upside of 0.69% from the stock’s previous close.

A number of other equities analysts have also issued reports on TTG. Royal Bank Of Canada raised their target price 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. Berenberg Bank increased their price objective on TT Electronics from GBX 150 to GBX 200 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 170.

TT Electronics Stock Down 0.7%

Shares of TTG traded down GBX 1.20 during midday trading on Thursday, hitting GBX 173.80. 1,007,640 shares of the company’s stock traded hands, compared to its average volume of 430,790. TT Electronics has a 1 year low of GBX 93 and a 1 year high of GBX 182.80. The firm’s fifty day moving average is GBX 148.94 and its 200-day moving average is GBX 128.07. 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 capitalization 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 (LON:TTG) last released 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%. As a group, sell-side analysts anticipate that TT Electronics will post 16.7485822 earnings per share 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.