TT Electronics (LON:TTG) Stock Rating Lowered by Royal Bank of Canada

TT Electronics (LON:TTG - Get Free Report) was downgraded by investment analysts at Royal Bank of Canada to a "sector perform" rating in a research note issued on Tuesday, Marketbeat reports. They currently have a GBX 85 ($1.13) price objective on the stock, down from their previous price objective of GBX 140 ($1.86). Royal Bank of Canada's target price indicates a potential upside of 11.84% from the stock's current price.

TT Electronics Stock Performance

Shares of LON TTG traded down GBX 0.10 ($0.00) during mid-day trading on Tuesday, reaching GBX 76 ($1.01). 264,914 shares of the company were exchanged, compared to its average volume of 956,119. The stock has a market capitalization of £135.72 million, a P/E ratio of -10.64, a P/E/G 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. The company's 50-day simple moving average is GBX 82.01 and its 200-day simple moving average is GBX 91.27. TT Electronics has a twelve month low of GBX 61.90 ($0.82) and a twelve month high of GBX 184 ($2.45).

TT Electronics (LON:TTG - Get Free Report) last issued its quarterly earnings data on Thursday, April 10th. The company reported GBX 11 ($0.15) earnings per share (EPS) for the quarter. TT Electronics had a negative return on equity of 4.73% and a negative net margin of 2.19%. As a group, research analysts predict that TT Electronics will post 16.7485822 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Warren Tucker purchased 32,902 shares of TT Electronics stock in a transaction that occurred on Thursday, April 10th. The shares were acquired at an average price of GBX 76 ($1.01) per share, with a total value of £25,005.52 ($33,247.60). 9.06% of the stock is owned by insiders.

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.