TT Electronics (LON:TTG) Earns “Hold” Rating from Jefferies Financial Group

TT Electronics (LON:TTG)‘s stock had its “hold” rating reissued by stock analysts at Jefferies Financial Group in a note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 110 price target on the stock. Jefferies Financial Group’s target price would suggest a potential downside of 27.61% from the stock’s current price.

Separately, Berenberg Bank increased their price target on shares of TT Electronics from GBX 150 to GBX 200 and gave the stock a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 140.

TT Electronics Price Performance

TTG stock opened at GBX 151.96 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 0.93 and a debt-to-equity ratio of 70.10. The company has a market capitalization of £271.13 million, a PE ratio of -5.33, a P/E/G ratio of 0.60 and a beta of 0.83. TT Electronics has a 12-month low of GBX 93 and a 12-month high of GBX 155. The business’s fifty day moving average price is GBX 125.83 and its 200 day moving average price is GBX 120.77.

TT Electronics (LON:TTG) last posted 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 31.21% and a negative net margin of 10.51%. On average, sell-side analysts anticipate that TT Electronics will post 16.7485822 EPS for the current year.

Insider Transactions at TT Electronics

In related news, insider Phil Swash bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was purchased at an average cost of GBX 119 per share, for a total transaction of £119,000. Company insiders own 8.80% of the company’s stock.

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.