TT Electronics (LON:TTG) Earns Hold Rating from Jefferies Financial Group

TT Electronics (LON:TTG)‘s stock had its “hold” rating reissued by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, London Stock Exchange reports. They currently have a GBX 175 price objective on the stock. Jefferies Financial Group’s price target points to a potential downside of 0.57% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Berenberg Bank raised their target price on shares of TT Electronics from GBX 150 to GBX 200 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Royal Bank Of Canada upped their price target on shares of TT Electronics from GBX 115 to GBX 160 and gave the company a “sector perform” rating in a report on Thursday, September 3rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, TT Electronics currently has a consensus rating of “Moderate Buy” and an average price target of GBX 170.

TT Electronics Price Performance

Shares of LON:TTG opened at GBX 176 on Thursday. TT Electronics has a twelve month low of GBX 93 and a twelve month high of GBX 182.80. The company’s 50 day moving average is GBX 147.80 and its 200 day moving average is GBX 127.67. 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 company has a market cap of £314.08 million, a PE ratio of -8.00, a price-to-earnings-growth ratio of 0.60 and a beta of 0.84.

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 net margin of 7.80% and a negative return on equity of 24.38%. On average, sell-side analysts forecast that TT Electronics will post 16.7485822 EPS 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.