Berenberg Bank Increases TT Electronics (LON:TTG) Price Target to GBX 200

TT Electronics (LON:TTG) had its target price hoisted by analysts at Berenberg Bank from GBX 150 to GBX 200 in a research note issued to investors on Wednesday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 31.62% from the company’s previous close.

Separately, Jefferies Financial Group restated a “hold” rating and set a GBX 110 price objective on shares of TT Electronics in a research note on Friday, May 15th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 140.

TT Electronics Trading Up 12.6%

LON TTG opened at GBX 151.96 on Wednesday. TT Electronics has a 12 month low of GBX 93 and a 12 month high of GBX 155. The company has a current ratio of 1.71, a quick ratio of 0.93 and a debt-to-equity ratio of 70.10. The stock’s fifty day moving average price is GBX 125.83 and its 200-day moving average price is GBX 120.77. The stock has a market cap of £271.13 million, a P/E ratio of -5.33, a P/E/G ratio of 0.60 and a beta of 0.83.

TT Electronics (LON:TTG) last posted 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 31.21% and a negative net margin of 10.51%. As a group, equities analysts forecast that TT Electronics will post 16.7485822 EPS for the current fiscal year.

Insiders Place Their Bets

In other TT Electronics news, insider Phil Swash bought 100,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was acquired at an average price of GBX 119 per share, with a total value of £119,000. Company insiders own 8.80% of the company’s stock.

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.