TT Electronics (LON:TTG) Hits New 1-Year High – Still a Buy?

TT Electronics plc (LON:TTG)’s share price hit a new 52-week high on Monday . The company traded as high as GBX 154 and last traded at GBX 151.40, with a volume of 4993506 shares changing hands. The stock had previously closed at GBX 154.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Berenberg Bank reiterated a “hold” rating and issued a GBX 98 target price on shares of TT Electronics in a report on Friday, August 1st. Canaccord Genuity Group lifted their target price on TT Electronics from GBX 98 to GBX 105 and gave the stock a “hold” rating in a research report on Wednesday, September 24th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, TT Electronics has an average rating of “Hold” and a consensus target price of GBX 96.

TT Electronics Stock Performance

The company has a quick ratio of 0.93, a current ratio of 2.26 and a debt-to-equity ratio of 71.97. The stock has a 50 day simple moving average of GBX 104.58 and a 200 day simple moving average of GBX 98.09. The company has a market capitalization of £268.78 million, a price-to-earnings ratio of -4.03, a P/E/G ratio of 0.60 and a beta of 0.95.

TT Electronics (LON:TTG) last issued its earnings results on Wednesday, September 24th. The company reported GBX 1.90 EPS for the quarter. TT Electronics had a negative return on equity of 4.73% and a negative net margin of 2.19%. As a group, analysts anticipate that TT Electronics plc will post 16.7485822 earnings per share for the current fiscal 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.