The Beauty Tech Group (LON:TBTG) Reaches New 52-Week High - Here's What Happened

Key Points

• The Beauty Tech Group shares reached a new 52-week high of GBX 491 on trading volume of 143,350 shares, up from the previous close of GBX 486.
• Analysts remain bullish: Canaccord Genuity and Berenberg both raised their price targets to GBX 600 and maintained “buy” ratings. The consensus rating is “Buy,” with a GBX 600 average target.
• The company has a £520.38 million market capitalization and recently reported quarterly earnings per share of GBX 11.80. Its portfolio includes at-home beauty technology brands such as CurrentBody Skin, ZIIP Beauty and Tria Laser.

The Beauty Tech Group (LON:TBTG - Get Free Report)'s stock price reached a new 52-week high on Tuesday. The stock traded as high as GBX 491 and last traded at GBX 491, with a volume of 143,350 shares. The stock had previously closed at GBX 486.

Wall Street Analysts Forecast Growth

TBTG has been the subject of several recent research reports. Canaccord Genuity Group upped their price objective on The Beauty Tech Group from GBX 545 to GBX 600 and gave the company a "buy" rating in a research note on Tuesday, September 22nd. Berenberg Bank lifted their target price on shares of The Beauty Tech Group from GBX 550 to GBX 600 and gave the stock a "buy" rating in a research report on Thursday, September 17th. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, The Beauty Tech Group currently has an average rating of "Buy" and a consensus price target of GBX 600.

The Beauty Tech Group Price Performance

The company has a market cap of £520.38 million and a price-to-earnings ratio of 26.48. The business's fifty day moving average price is GBX 405.90 and its 200 day moving average price is GBX 339.34.

The Beauty Tech Group (LON:TBTG - Get Free Report) last posted its quarterly earnings data on Thursday, September 17th. The beauty technology company reported GBX 11.80 earnings per share for the quarter.

About The Beauty Tech Group

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.

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