TT Electronics’ (TTG) Hold Rating Reiterated at Jefferies Financial Group

TT Electronics (LON:TTG)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Financial Group in a report issued on Thursday, MarketBeat Ratings reports. They presently have a GBX 175 price objective on the stock. Jefferies Financial Group’s target price would indicate a potential downside of 6.82% from the stock’s previous close.

Several other equities analysts also recently commented on TTG. Berenberg Bank upped their price objective on shares of TT Electronics from GBX 150 to GBX 200 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Royal Bank Of Canada increased their price objective on shares of TT Electronics from GBX 115 to GBX 160 and gave the company 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 170.

TT Electronics Stock Performance

Shares of LON TTG traded up GBX 14 during midday trading on Thursday, hitting GBX 187.80. 902,899 shares of the company’s stock were exchanged, compared to its average volume of 433,249. The company has a quick ratio of 0.93, a current ratio of 1.67 and a debt-to-equity ratio of 65.61. The firm has a market capitalization of £335.14 million, a PE ratio of -8.54, a price-to-earnings-growth ratio of 0.60 and a beta of 0.84. TT Electronics has a 12 month low of GBX 93 and a 12 month high of GBX 189.80. The company’s 50 day moving average price is GBX 151.22 and its 200 day moving average price is GBX 128.99.

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