Royal Bank Of Canada Forecasts Strong Price Appreciation for TT Electronics (LON:TTG) Stock

TT Electronics (LON:TTG) had its target price upped by equities research analysts at Royal Bank Of Canada from GBX 115 to GBX 160 in a research note issued on Thursday, Digital Look reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 6.84% from the stock’s previous close.

Several other analysts have also recently commented on TTG. Jefferies Financial Group restated a “hold” rating and issued a GBX 110 target price on shares of TT Electronics in a research note on Wednesday. Berenberg Bank boosted their price target on shares of TT Electronics from GBX 150 to GBX 200 and gave the stock a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 144.

TT Electronics Price Performance

TT Electronics stock opened at GBX 149.76 on Thursday. The company has a debt-to-equity ratio of 70.10, a current ratio of 1.71 and a quick ratio of 0.93. The business has a 50 day simple moving average of GBX 126.51 and a 200-day simple moving average of GBX 120.91. TT Electronics has a 12 month low of GBX 93 and a 12 month high of GBX 155. The stock has a market capitalization of £267.21 million, a PE ratio of -5.25, a price-to-earnings-growth ratio of 0.60 and a beta of 0.83.

TT Electronics (LON:TTG) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported GBX 5.70 earnings per share for the quarter. TT Electronics had a negative net margin of 10.51% and a negative return on equity of 31.21%. Equities analysts predict that TT Electronics will post 16.7485822 earnings per share for the current year.

Insiders Place Their Bets

In other TT Electronics news, insider Phil Swash acquired 100,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was purchased at an average price of GBX 119 per share, for a total transaction of £119,000. 8.80% of the stock is owned by corporate insiders.

Key TT Electronics News

Here are the key news stories impacting TT Electronics this week:

• Positive Sentiment: Returned to profit and raised guidance: TT Electronics reported a first-half profit and increased its FY26 adjusted operating profit forecast to a level ahead of market expectations. The upgrade followed improved margins, supporting the view that its recovery and cost-control efforts are gaining traction. TT Electronics Turns To Profit In H1, Lifts FY26 Adjusted Profit View TT Electronics Raises Full-Year Profit Outlook
• Positive Sentiment: Strongest analyst upgrade: Berenberg raised its price target for TTG from GBX 150 to GBX 200 and upgraded the shares to “buy,” indicating substantial potential upside if the improved margins and earnings recovery continue.
• Positive Sentiment: Recovery narrative gaining momentum: Investor-focused coverage characterized TT Electronics as preparing for renewed growth, reinforcing the market’s focus on operational improvement and the upgraded earnings outlook. TT Electronics Prepares for Take-Off
• Neutral Sentiment: Analyst opinion is mixed: Jefferies reaffirmed its “hold” rating and retained a GBX 110 price target, well below Berenberg’s target. This suggests some analysts remain cautious about the durability of the recovery.
• Negative Sentiment: Underlying financial risks remain: The reported quarterly EPS was GBX 5.70, but TT Electronics still had a negative return on equity and negative net margin in the accompanying results data. These weaknesses could limit further gains if margin improvement fails to persist. TT Electronics Earnings Results and Conference Call

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.