TT Electronics’ (TTG) “Hold” Rating Reaffirmed at Jefferies Financial Group

TT Electronics (LON:TTG)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Financial Group in a report issued on Thursday, Marketbeat.com reports. They presently have a GBX 175 price objective on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 0.69% from the stock’s previous close.

Several other research firms also recently weighed in on TTG. 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 raised their price target on TT Electronics from GBX 115 to GBX 160 and gave the stock a “sector perform” rating in a report on Thursday, September 3rd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 170.

TT Electronics Stock Down 0.7%

Shares of TTG stock traded down GBX 1.20 on Thursday, reaching GBX 173.80. 1,007,640 shares of the company were exchanged, compared to its average volume of 430,790. The company has a debt-to-equity ratio of 65.61, a current ratio of 1.67 and a quick ratio of 0.93. The company has a 50-day moving average of GBX 150.06 and a 200-day 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 PEG ratio of 0.60 and a beta of 0.84. TT Electronics has a one year low of GBX 93 and a one year high of GBX 182.80.

TT Electronics (LON:TTG) last announced its quarterly earnings results 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%. 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.