TT Electronics (LON:TTG) Sets New 52-Week High on Analyst Upgrade

Key Points

• TT Electronics shares reached a new 52-week high, trading as high as GBX 155 after RBC raised its price target from GBX 115 to GBX 160.
• Analyst views remain mixed: Berenberg upgraded its target to GBX 200 with a “buy” rating, while Jefferies maintained “hold.” The overall consensus rating is “Hold,” with a GBX 144 price target.
• Insider Phil Swash purchased 100,000 shares for £119,000, while the company continues to report financial challenges, including a negative net margin of 7.80% and negative return on equity of 24.38%.

TT Electronics plc (LON:TTG - Get Free Report)'s stock price reached a new 52-week high during trading on Friday after Royal Bank Of Canada raised their price target on the stock from GBX 115 to GBX 160. Royal Bank Of Canada currently has a sector perform rating on the stock. TT Electronics traded as high as GBX 155 and last traded at GBX 151.40, with a volume of 507605 shares traded. The stock had previously closed at GBX 150.40.

Several other equities analysts have also recently weighed in on TTG. Berenberg Bank increased their price objective on shares of TT Electronics from GBX 150 to GBX 200 and gave the stock a "buy" rating in a research note on Wednesday. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 110 target price on shares of TT Electronics in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of GBX 144.

Insiders Place Their Bets

In other news, insider Phil Swash acquired 100,000 shares of the business's stock in a transaction dated Tuesday, June 9th. The stock was purchased at an average price of GBX 119 per share, for a total transaction of £119,000. Insiders own 8.80% of the company's stock.

TT Electronics Stock Up 0.7%

The firm has a market capitalization of £270.13 million, a P/E ratio of -5.31, a PEG ratio of 0.60 and a beta of 0.83. The company has a debt-to-equity ratio of 65.61, a quick ratio of 0.93 and a current ratio of 1.67. The business's fifty day moving average price is GBX 127.24 and its two-hundred day moving average price is GBX 121.05.

TT Electronics (LON:TTG - Get Free Report) last posted its earnings results on Wednesday, September 2nd. The company reported GBX 5.70 earnings per share (EPS) for the quarter. TT Electronics had a negative net margin of 7.80% and a negative return on equity of 24.38%. Equities analysts expect that TT Electronics plc will post 16.7485822 earnings per share for the current fiscal 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. 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.

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