Berenberg Bank Forecasts Strong Price Appreciation for The Beauty Tech Group (LON:TBTG) Stock

The Beauty Tech Group (LON:TBTG) had its price objective boosted by stock analysts at Berenberg Bank from GBX 550 to GBX 600 in a report issued on Thursday, Digital Look reports. The firm presently has a “buy” rating on the beauty technology company ‘s stock. Berenberg Bank’s price target would suggest a potential upside of 49.25% from the stock’s previous close.

Separately, Canaccord Genuity Group initiated coverage on The Beauty Tech Group in a research note on Monday, July 27th. They set a “buy” rating and a GBX 545 target price for the company. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, The Beauty Tech Group presently has a consensus rating of “Buy” and an average price target of GBX 572.50.

The Beauty Tech Group Stock Performance

TBTG opened at GBX 402 on Thursday. The Beauty Tech Group has a 52-week low of GBX 213 and a 52-week high of GBX 430. The firm has a market capitalization of £426.93 million and a PE ratio of 36.55. The business’s 50-day simple moving average is GBX 350.86 and its 200 day simple moving average is GBX 324.48.

The Beauty Tech Group (LON:TBTG) last posted its earnings results on Thursday, September 17th. The beauty technology company reported GBX 11.80 earnings per share (EPS) for the quarter.

The Beauty Tech Group Company Profile

The Beauty Tech Group is a UK-headquartered beauty technology company focused on developing, marketing and selling clinically backed at-home beauty devices and related skincare products. The group operates a portfolio of category-leading brands, including CurrentBody Skin, ZIIP Beauty and Tria Laser, and offers products built around core aesthetic technologies used in professional settings, including LED light therapy, radio frequency, microcurrent and laser treatments.