TT Electronics (TTG) Now Covered by HSBC

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Investment analysts at HSBC assumed coverage on shares of TT Electronics (LON:TTG) in a report issued on Tuesday. The brokerage set a “buy” rating and a GBX 265 ($3.46) price target on the stock. HSBC’s price target indicates a potential upside of 40.96% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Peel Hunt lowered their target price on shares of TT Electronics from GBX 295 ($3.85) to GBX 250 ($3.27) and set a “buy” rating for the company in a report on Monday. Berenberg Bank decreased their price objective on shares of TT Electronics from GBX 320 ($4.18) to GBX 270 ($3.53) and set a “buy” rating for the company in a report on Tuesday, January 29th. Six equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of GBX 270 ($3.53).

TT Electronics stock opened at GBX 188 ($2.46) on Tuesday. TT Electronics has a 12-month low of GBX 170 ($2.22) and a 12-month high of GBX 245 ($3.20).

In related news, insider Michael Baunton CBE acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 3rd. The stock was bought at an average price of GBX 198 ($2.59) per share, for a total transaction of £9,900 ($12,936.10).

About TT Electronics

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.

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Analyst Recommendations for TT Electronics (LON:TTG)

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