TT Electronics (LON:TTG) Reaches New 52-Week High – Still a Buy?

by · The Markets Daily

TT Electronics plc (LON:TTG – Get Free Report)’s share price hit a new 52-week high on Thursday . The company traded as high as GBX 182.80 and last traded at GBX 180.20, with a volume of 1569423 shares changing hands. The stock had previously closed at GBX 177.20.

Analysts Set New Price Targets

Several research firms have recently weighed in on TTG. Berenberg Bank increased their price target on 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 upped their price objective on TT Electronics from GBX 115 to GBX 160 and gave the company a “sector perform” rating in a research report on Thursday, September 3rd. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 110 target price on shares of TT Electronics in a report on Wednesday, September 2nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 153.75.

Check Out Our Latest Analysis on TTG

TT Electronics Stock Up 1.7%

The firm has a market capitalization of £321.58 million, a PE ratio of -8.19, a P/E/G ratio of 0.60 and a beta of 0.84. The company has a debt-to-equity ratio of 65.61, a current ratio of 1.67 and a quick ratio of 0.93. The company has a 50-day moving average price of GBX 141.78 and a 200 day moving average price of GBX 125.51.

TT Electronics (LON:TTG – Get Free Report) last released its quarterly earnings data on Wednesday, September 2nd. The company reported GBX 5.70 EPS for the quarter. TT Electronics had a negative net margin of 7.80% and a negative return on equity of 24.38%. Analysts forecast that TT Electronics plc will post 16.7485822 earnings per share for the current year.

TT Electronics Company Profile

(Get Free Report)

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.

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