TT Electronics (LON:TTG) Reaches New 52-Week High – Here’s What Happened

TT Electronics plc (LON:TTG)’s stock price reached a new 52-week high on Thursday. The stock traded as high as GBX 199 and last traded at GBX 189.80, with a volume of 6,250,605 shares. The stock had previously closed at GBX 185.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 175 price objective on shares of TT Electronics in a report on Thursday, October 1st. Royal Bank Of Canada boosted their target price on shares of TT Electronics from GBX 115 to GBX 160 and gave the stock a “sector perform” rating in a report on Thursday, September 3rd. Finally, Berenberg Bank boosted 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. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, TT Electronics presently has an average rating of “Moderate Buy” and a consensus price target of GBX 170.

TT Electronics Stock Performance

The firm has a market capitalization of £333.71 million, a P/E ratio of -8.50, a price-to-earnings-growth ratio of 0.60 and a beta of 0.84. The company has a 50-day moving average of GBX 161.25 and a 200-day moving average of GBX 133.59. The company has a current ratio of 1.67, a quick ratio of 0.93 and a debt-to-equity ratio of 65.61.

TT Electronics (LON:TTG) last released its quarterly earnings results on Wednesday, September 2nd. The company reported GBX 5.70 EPS for the quarter. TT Electronics had a negative return on equity of 24.38% and a negative net margin of 7.80%. On average, equities analysts anticipate that TT Electronics plc will post 16.75 earnings per share for the current fiscal 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.