TT Electronics plc (TTG) Receives GBX 277 Average Price Target from Brokerages

Share on StockTwits

TT Electronics plc (LON:TTG) has been assigned an average recommendation of “Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 277 ($3.62).

TTG has been the subject of several recent analyst reports. Berenberg Bank restated a “buy” rating on shares of TT Electronics in a research report on Wednesday, November 21st. Peel Hunt restated a “buy” rating on shares of TT Electronics in a research report on Monday, January 28th. HSBC initiated coverage on TT Electronics in a research report on Tuesday, February 12th. They set a “buy” rating and a GBX 265 ($3.46) target price for the company. Finally, Numis Securities restated a “buy” rating and set a GBX 300 ($3.92) target price on shares of TT Electronics in a research report on Wednesday, March 6th.

In other news, insider Michael Baunton CBE acquired 5,000 shares of the business’s stock in a transaction dated Thursday, January 3rd. The stock was purchased at an average cost of GBX 198 ($2.59) per share, for a total transaction of £9,900 ($12,936.10).

TT Electronics stock traded down GBX 4.50 ($0.06) during midday trading on Friday, hitting GBX 212 ($2.77). 60,224 shares of the company’s stock were exchanged, compared to its average volume of 142,856. TT Electronics has a 52-week low of GBX 176 ($2.30) and a 52-week high of GBX 282 ($3.68). The company has a quick ratio of 1.02, a current ratio of 1.85 and a debt-to-equity ratio of 29.45. The stock has a market cap of $342.25 million and a price-to-earnings ratio of 26.50.

The company also recently disclosed a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, April 25th will be issued a GBX 4.55 ($0.06) dividend. This is a boost from TT Electronics’s previous dividend of $1.95. This represents a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, April 25th. TT Electronics’s dividend payout ratio is presently 0.75%.

TT Electronics Company Profile

TT Electronics plc provides engineered electronics for performance critical applications worldwide. The company operates in industries where there are structural growth drivers, working with customers in industrial, medical, aerospace and defense, and transportation sectors. It designs and manufactures various products, including sensors, power management devices, and connectivity solutions.

Further Reading: Cash Flow

Analyst Recommendations for TT Electronics (LON:TTG)

Receive News & Ratings for TT Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TT Electronics and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

HBZ coin Market Cap Tops $595,151.00
HBZ coin Market Cap Tops $595,151.00
Analysts Anticipate Autohome Inc  to Announce $1.11 EPS
Analysts Anticipate Autohome Inc to Announce $1.11 EPS
Zeitcoin Price Hits $0.0000 on Major Exchanges
Zeitcoin Price Hits $0.0000 on Major Exchanges
Esportbits Hits Market Capitalization of $5.31 Million
Esportbits Hits Market Capitalization of $5.31 Million
PGT Innovations Inc  Receives $24.00 Average Price Target from Brokerages
PGT Innovations Inc Receives $24.00 Average Price Target from Brokerages
Entergy Co.  Expected to Post Earnings of $1.42 Per Share
Entergy Co. Expected to Post Earnings of $1.42 Per Share


 
© 2006-2019 Zolmax.