The Beauty Tech Group (LON:TBTG) Sets New 1-Year High - Here's Why

Key Points

• The Beauty Tech Group shares reached a new 52-week high of GBX 506, up 0.8%, with a market capitalization of approximately £537.38 million.
• Analysts remain bullish: Berenberg Bank and Canaccord Genuity both raised their price targets to GBX 600 and reiterated “buy” ratings, implying further upside.
• The company reported quarterly EPS of GBX 11.80 and operates brands including CurrentBody Skin, ZIIP Beauty, and Tria Laser, focused on clinically backed at-home beauty technology.

The Beauty Tech Group (LON:TBTG - Get Free Report) shares hit a new 52-week high on Tuesday. The stock traded as high as GBX 506 and last traded at GBX 506, with a volume of 242,904 shares. The stock had previously closed at GBX 502.

Wall Street Analyst Weigh In

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

The Beauty Tech Group Trading Up 0.8%

The firm has a market cap of £537.38 million and a P/E ratio of 27.35. The business's fifty day simple moving average is GBX 422.37 and its 200-day simple moving average is GBX 344.96.

The Beauty Tech Group (LON:TBTG - Get Free Report) last posted its quarterly earnings results on Thursday, September 17th. The beauty technology company reported GBX 11.80 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.