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

TT Electronics plc (LON:TTG) hit a new 52-week high on Monday. The stock traded as high as GBX 189.80 and last traded at GBX 187.80, with a volume of 902899 shares trading hands. The stock had previously closed at GBX 173.80.

Wall Street Analyst Weigh In

Several research analysts have commented on TTG shares. Berenberg Bank raised their target price on TT Electronics from GBX 150 to GBX 200 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Royal Bank Of Canada raised their price objective 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. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 175 target price on shares of TT Electronics in a report on Thursday. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 170.

TT Electronics Stock Performance

The firm has a market cap of £335.14 million, a PE ratio of -8.54, a price-to-earnings-growth ratio of 0.60 and a beta of 0.84. The company has a 50 day simple moving average of GBX 150.06 and a 200-day simple moving average of GBX 128.47. The company has a debt-to-equity ratio of 65.61, a current ratio of 1.67 and a quick ratio of 0.93.

TT Electronics (LON:TTG) last issued its earnings results on Wednesday, September 2nd. The company reported GBX 5.70 EPS for the quarter. TT Electronics had a negative net margin of 7.80% and a negative return on equity of 24.38%. As a group, equities research analysts anticipate that TT Electronics plc will post 16.7485822 EPS for the current year.

About TT Electronics

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.