Jefferies Financial Group Reaffirms Hold Rating for TT Electronics (LON:TTG)

TT Electronics (LON:TTG)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Financial Group in a research note issued to investors on Thursday, London Stock Exchange reports. They presently have a GBX 175 price objective on the stock. Jefferies Financial Group’s target price points to a potential downside of 0.46% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Royal Bank Of Canada raised their target price on shares of TT Electronics from GBX 115 to GBX 160 and gave the company a “sector perform” rating in a research note on Thursday, September 3rd. Berenberg Bank increased their target price on TT Electronics from GBX 150 to GBX 200 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, TT Electronics has an average rating of “Moderate Buy” and an average price target of GBX 170.

TT Electronics Price Performance

TTG stock opened at GBX 175.80 on Thursday. The company has a market cap of £313.73 million, a PE ratio of -7.99, a price-to-earnings-growth ratio of 0.60 and a beta of 0.84. 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 stock has a 50-day moving average price of GBX 147.80 and a two-hundred day moving average price of GBX 127.67. TT Electronics has a 12-month low of GBX 93 and a 12-month high of GBX 182.80.

TT Electronics (LON:TTG) last released 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 return on equity of 24.38% and a negative net margin of 7.80%. As a group, research analysts predict 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.