TT Electronics (LON:TTG) Sets New 1-Year High – Time to Buy?

TT Electronics plc (LON:TTG)’s stock price reached a new 52-week high on Thursday . The company traded as high as GBX 166.40 and last traded at GBX 165.20, with a volume of 363227 shares traded. The stock had previously closed at GBX 162.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TTG. Jefferies Financial Group restated a “hold” rating and issued a GBX 110 price target on shares of TT Electronics in a research report on Wednesday, September 2nd. Royal Bank Of Canada raised their price objective on 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 company a “buy” rating in a report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 144.

TT Electronics Trading Up 2.0%

The business’s 50-day simple moving average is GBX 130.69 and its two-hundred day simple moving average is GBX 121.87. 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 capitalization of £294.81 million, a PE ratio of -7.51, a PEG ratio of 0.60 and a beta of 0.84.

TT Electronics (LON:TTG) last announced its earnings results on Wednesday, September 2nd. The company reported GBX 5.70 earnings per share (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, analysts predict that TT Electronics plc will post 16.7485822 earnings per share for the current 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.