TT Electronics (LON:TTG) Earns "Buy" Rating from Stifel Nicolaus

Key Points

• Stifel Nicolaus reissued a Buy rating on TT Electronics with a GBX 145 target price, implying about a 30.33% upside from the previous close.
• Overall analyst consensus is Hold (one Buy, three Hold) with an average price target of GBX 113.75 versus the stock trading around GBX 111.26, suggesting limited upside on average.
• TT Electronics remains unprofitable — last quarter EPS was GBX 6.90 and the stock shows a negative PE (-2.96), negative ROE (-37.5%) and a negative net margin (-14.38%).

TT Electronics (LON:TTG - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They currently have a GBX 145 target price on the stock. Stifel Nicolaus' target price points to a potential upside of 30.33% from the company's previous close.

Separately, Berenberg Bank restated a "hold" rating and set a GBX 120 price target on shares of TT Electronics in a report on Wednesday. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of GBX 113.75.

TT Electronics Stock Up 1.5%

Shares of TTG opened at GBX 111.26 on Thursday. The stock's 50-day moving average price is GBX 117.72 and its two-hundred day moving average price is GBX 117.92. TT Electronics has a 12 month low of GBX 61.90 and a 12 month high of GBX 154.80. The company has a market capitalization of £198.10 million, a PE ratio of -2.96, a PEG ratio of 0.60 and a beta of 0.95. The company has a current ratio of 1.90, a quick ratio of 0.93 and a debt-to-equity ratio of 81.11.

TT Electronics (LON:TTG - Get Free Report) last issued its quarterly earnings results on Wednesday, March 25th. The company reported GBX 6.90 earnings per share for the quarter. TT Electronics had a negative return on equity of 37.50% and a negative net margin of 14.38%. On average, analysts anticipate that TT Electronics will post 16.7485822 EPS for the current year.

Insiders Place Their Bets

In other news, insider Warren Tucker sold 44,532 shares of TT Electronics stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of GBX 111, for a total value of £49,430.52. Insiders own 8.76% of the company's stock.

About TT Electronics

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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