TT Electronics' (TTG) "Hold" Rating Reaffirmed at Berenberg Bank

Key Points

• Berenberg Bank has reaffirmed a "hold" rating for TT Electronics and set a target price of GBX 98 ($1.30), indicating a potential upside of 3.59% from the current price.
• Royal Bank Of Canada has downgraded TT Electronics to a "sector perform" rating with a new price target of GBX 85 ($1.13), down from GBX 140 ($1.86).
• TT Electronics is currently trading at GBX 94.60 ($1.26) and has a market cap of £168.94 million, with a 52-week trading range between GBX 61.90 ($0.82) and GBX 171 ($2.27).

TT Electronics (LON:TTG - Get Free Report)'s stock had its "hold" rating reissued by equities research analysts at Berenberg Bank in a report issued on Friday, Marketbeat.com reports. They currently have a GBX 98 ($1.30) target price on the stock. Berenberg Bank's price target suggests a potential upside of 3.59% from the company's current price.

Separately, Royal Bank Of Canada lowered shares of TT Electronics to a "sector perform" rating and dropped their price objective for the company from GBX 140 ($1.86) to GBX 85 ($1.13) in a research note on Tuesday, April 15th.

TT Electronics Trading Up 0.4%

Shares of TTG stock opened at GBX 94.60 ($1.26) on Friday. The stock has a market cap of £168.94 million, a price-to-earnings ratio of -13.25, a price-to-earnings-growth 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. TT Electronics has a fifty-two week low of GBX 61.90 ($0.82) and a fifty-two week high of GBX 171 ($2.27). The firm's 50 day moving average price is GBX 102.02 and its two-hundred day moving average price is GBX 89.62.

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.

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