Canaccord Genuity Group Raises TT Electronics (LON:TTG) Price Target to GBX 105

Key Points

• Canaccord Genuity Group raised its price target for TT Electronics from GBX 98 to GBX 105, maintaining a "hold" rating despite indicating a potential downside of 1.50% from the current price.
• Berenberg Bank also reaffirmed a "hold" rating for TT Electronics, with a price target of GBX 98, contributing to a consensus rating of "Hold" with a consensus price target of GBX 96.
• TT Electronics reported GBX 1.90 earnings per share for the last quarter and has a market cap of £189.25 million, highlighting its position in high-growth markets such as healthcare and aerospace.

TT Electronics (LON:TTG - Get Free Report) had its target price increased by equities researchers at Canaccord Genuity Group from GBX 98 to GBX 105 in a research note issued on Wednesday,Digital Look reports. The brokerage currently has a "hold" rating on the stock. Canaccord Genuity Group's price objective indicates a potential downside of 1.50% from the stock's current price.

Separately, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 98 price target on shares of TT Electronics in a report on Friday, August 1st. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of GBX 96.

TT Electronics Price Performance

Shares of LON:TTG opened at GBX 106.60 on Wednesday. The business has a 50 day moving average price of GBX 100.06 and a 200 day moving average price of GBX 93.13. TT Electronics has a twelve month low of GBX 61.90 and a twelve month high of GBX 123. The company has a market cap of £189.25 million, a price-to-earnings ratio of -352.98, a PEG ratio of 0.60 and a beta of 0.95. The company has a quick ratio of 0.93, a current ratio of 2.26 and a debt-to-equity ratio of 71.97.

TT Electronics (LON:TTG - Get Free Report) last announced its earnings results on Wednesday, September 24th. The company reported GBX 1.90 earnings per share for the quarter. TT Electronics had a negative return on equity of 4.73% and a negative net margin of 2.19%. Research analysts predict that TT Electronics will post 16.7485822 earnings per share for the current 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.

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