TT Electronics - TTG Share Forecast, Price & News

TT Electronics plc provides engineered electronics for performance critical applications in the automation and electrification, healthcare, and aerospace and defense markets worldwide. The company operates through three divisions: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components. The Power and Connectivity division designs and manufactures power application products and connectivity devices, which enable the capture and wireless transfer of data. This segment collaborates with customers for developing solutions to optimize their electronic systems. The Global Manufacturing Solutions division provides manufacturing services and engineering solutions for its product divisions and to customers that require a lower volume and higher mix of various products. This segment manufactures integrated product assemblies, as well as provides designing testing solutions and value-engineering services. The Sensors and Specialist Components division works with customers to develop standard and customized solutions, including sensors and power management devices. Its solutions enhance the precision, speed, and reliability of critical aspects of its customers' applications. The company offers its products and services under the AB Connectors, Aero Stanrew, BI Technologies, IRC, OPTEK Technology, Precision, Power Partners, PowerPax, Stontronics, Torotel, Semelab, Welwyn, and Roxspur Measurement & Control brands. The company was formerly known as TT Group plc and changed its name to TT Electronics plc in 2000. TT Electronics plc was incorporated in 1906 and is headquartered in Woking, the United Kingdom.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays restated an "overweight" rating and set a GBX 270 ($3.26) price target on shares of TT Electronics in a report on Friday, August 5th. Royal Bank of Canada reiterated an "outperform" rating and issued a GBX 325 ($3.93) target price on shares of TT Electronics in a research note on Thursday, May 26th.

TT Electronics Stock Up 1.4 %

Shares of TTG traded up GBX 2.40 ($0.03) during midday trading on Friday, reaching GBX 170.60 ($2.06). 89,157 shares of the stock were exchanged, compared to its average volume of 336,297. TT Electronics has a 52 week low of GBX 159.20 ($1.92) and a 52 week high of GBX 296.50 ($3.58). The company has a current ratio of 1.95, a quick ratio of 0.93 and a debt-to-equity ratio of 60.72. The company's 50 day moving average is GBX 183 and its two-hundred day moving average is GBX 195.92. The company has a market capitalization of £300.90 million and a P/E ratio of 2,843.33.

TT Electronics Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, October 13th. Stockholders of record on Thursday, September 22nd will be given a dividend of GBX 2 ($0.02) per share. This represents a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, September 22nd. TT Electronics's payout ratio is 108.33%.