TT Electronics (LON:TTG) Hits New 52-Week High After Analyst Upgrade

Shares of TT Electronics plc (LON:TTG) reached a new 52-week high during trading on Friday after Royal Bank Of Canada raised their price target on the stock from GBX 115 to GBX 160. Royal Bank Of Canada currently has a sector perform rating on the stock. TT Electronics traded as high as GBX 155 and last traded at GBX 151.40, with a volume of 507605 shares traded. The stock had previously closed at GBX 150.40.

A number of other research analysts have also recently weighed in on the company. Berenberg Bank lifted their target price on TT Electronics from GBX 150 to GBX 200 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group reiterated a “hold” rating and set a GBX 110 price target on shares of TT Electronics in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, TT Electronics has a consensus rating of “Hold” and a consensus price target of GBX 144.

Insider Buying and Selling

In other news, insider Phil Swash bought 100,000 shares of TT Electronics stock in a transaction that occurred on Tuesday, June 9th. The stock was purchased at an average cost of GBX 119 per share, with a total value of £119,000. 8.80% of the stock is currently owned by company insiders.

TT Electronics Price Performance

The company’s 50 day moving average price is GBX 127.24 and its 200 day moving average price is GBX 121.05. The firm has a market capitalization of £270.13 million, a P/E ratio of -5.31, a PEG ratio of 0.60 and a beta of 0.83. The company has a debt-to-equity ratio of 65.61, a current ratio of 1.67 and a quick ratio of 0.93.

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, sell-side analysts anticipate that TT Electronics plc will post 16.7485822 EPS 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.