TT Electronics’ (TTG) Buy Rating Reaffirmed at Berenberg Bank
Berenberg Bank reissued their buy rating on shares of TT Electronics (LON:TTG) in a report published on Monday, Digital Look reports. They currently have a GBX 270 ($3.53) target price on the stock.
Several other equities analysts have also weighed in on the company. HSBC lifted their price objective on TT Electronics from GBX 295 ($3.85) to GBX 330 ($4.31) and gave the company a buy rating in a research note on Thursday, August 15th. Peel Hunt reissued a buy rating on shares of TT Electronics in a research report on Tuesday, November 19th. Five analysts have rated the stock with a buy rating, TT Electronics presently has a consensus rating of Buy and an average target price of GBX 295 ($3.85).
Shares of LON:TTG opened at GBX 241 ($3.15) on Monday. The business has a 50-day moving average of GBX 236.07 and a two-hundred day moving average of GBX 236.86. The firm has a market capitalization of $394.07 million and a PE ratio of 32.13. The company has a debt-to-equity ratio of 48.87, a current ratio of 2.05 and a quick ratio of 1.19. TT Electronics has a 12 month low of GBX 176 ($2.30) and a 12 month high of GBX 268 ($3.50).
TT Electronics plc provides engineered electronics for performance critical applications in the industrial, medical, aerospace and defense, and transportation markets worldwide. The company operates in three divisions: Sensors and Specialist Components, Power and Connectivity, and Global Manufacturing Solutions.
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