TT Electronics (LON:TTG) Raised to Buy at Berenberg Bank

Key Points

• Berenberg Bank upgraded TT Electronics to a "Buy" and raised its price target to GBX 150 (from GBX 120), implying about a 29% upside; Stifel Nicolaus also maintains a Buy with a GBX 145 target and the consensus rating is "Moderate Buy".
• TTG trades around GBX 116 with a market cap of £207m but shows negative profitability (P/E -4.08, negative net margin and ROE) and elevated leverage (debt-to-equity 70.1%), signalling financial risks; its 12‑month range is GBX 71.17–154.80 and the price sits near the 50/200‑day moving averages (~GBX 119).

TT Electronics (LON:TTG - Get Free Report) was upgraded by equities research analysts at Berenberg Bank to a "buy" rating in a report issued on Monday,London Stock Exchange reports. The brokerage currently has a GBX 150 price objective on the stock, up from their previous price objective of GBX 120. Berenberg Bank's target price points to a potential upside of 28.97% from the stock's current price.

Separately, Stifel Nicolaus reiterated a "buy" rating and issued a GBX 145 price objective on shares of TT Electronics in a report on Thursday, March 26th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, TT Electronics has a consensus rating of "Moderate Buy" and a consensus price target of GBX 121.25.

TT Electronics Trading Down 0.6%

TTG stock opened at GBX 116.31 on Monday. The company has a market cap of £207.10 million, a P/E ratio of -4.08, a PEG ratio of 0.60 and a beta of 1.99. TT Electronics has a twelve month low of GBX 71.17 and a twelve month high of GBX 154.80. The company has a quick ratio of 0.93, a current ratio of 1.71 and a debt-to-equity ratio of 70.10. The business has a fifty day moving average of GBX 119.38 and a 200-day moving average of GBX 118.89.

TT Electronics (LON:TTG - Get Free Report) last released its 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 31.21% and a negative net margin of 10.51%. As a group, equities research analysts expect that TT Electronics will post 16.7485822 EPS for the current year.

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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