TT Electronics (LON:TTG) Sets New 52-Week High – Here’s What Happened

TT Electronics plc (LON:TTG) shares reached a new 52-week high on Thursday. The stock traded as high as GBX 199.20 and last traded at GBX 197.60, with a volume of 418,784 shares. The stock had previously closed at GBX 193.

Wall Street Analysts Forecast Growth

TTG has been the topic of a number of research analyst reports. Royal Bank Of Canada upped their price target on shares of TT Electronics from GBX 115 to GBX 160 and gave the company a “sector perform” rating in a research report on Thursday, September 3rd. Berenberg Bank lifted their price objective 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. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 175 price target on shares of TT Electronics in a research report on Thursday, October 1st. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, TT Electronics currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 170.

TT Electronics Trading Up 2.4%

The stock has a market cap of £352.63 million, a PE ratio of -8.98, a price-to-earnings-growth ratio of 0.60 and a beta of 0.84. The firm has a 50-day moving average price of GBX 168.71 and a 200-day moving average price of GBX 131.37. The company has a debt-to-equity ratio of 65.61, a quick ratio of 0.93 and a current ratio of 1.67.

TT Electronics (LON:TTG) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported GBX 5.70 EPS 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, equities analysts anticipate that TT Electronics plc will post 16.75 EPS 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. 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.