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).

Berenberg Bank restated their hold rating on shares of TT Electronics (LON:TTG - Free Report) in a report issued on Friday, August 1st, Marketbeat reports. They currently have a GBX 98 ($1.32) target price on the stock.

Separately, Royal Bank Of Canada cut shares of TT Electronics to a "sector perform" rating and dropped their target price for the company from GBX 140 ($1.88) to GBX 85 ($1.14) in a report on Tuesday, April 15th.

TT Electronics Stock Performance

Shares of TTG stock traded down GBX 1 ($0.01) on Friday, reaching GBX 90.50 ($1.22). The stock had a trading volume of 115,904 shares, compared to its average volume of 686,167. 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 firm's 50-day moving average is GBX 102.08 and its two-hundred day moving average is GBX 89.71. The firm has a market capitalization of £161.62 million, a price-to-earnings ratio of -12.67, a P/E/G ratio of 0.60 and a beta of 0.95. TT Electronics has a 12 month low of GBX 61.90 ($0.83) and a 12 month high of GBX 171 ($2.30).

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.