TT Electronics (LON:TTG) had its target price trimmed by Royal Bank of Canada from GBX 275 ($3.62) to GBX 240 ($3.16) in a research note issued to investors on Thursday, Stock Target Advisor reports. The firm currently has an outperform rating on the stock.

A number of other analysts have also weighed in on the stock. Peel Hunt reaffirmed a buy rating on shares of TT Electronics in a research note on Wednesday, March 4th. Jefferies Financial Group lowered shares of TT Electronics to a hold rating in a research note on Friday, January 24th. Finally, Berenberg Bank reaffirmed a buy rating and issued a GBX 270 ($3.55) price target on shares of TT Electronics in a research note on Monday, December 2nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. TT Electronics currently has a consensus rating of Buy and an average target price of GBX 282.50 ($3.72).

LON TTG traded up GBX 10.50 ($0.14) on Thursday, hitting GBX 156.50 ($2.06). The stock had a trading volume of 940,326 shares, compared to its average volume of 142,856. TT Electronics has a one year low of GBX 135.75 ($1.79) and a one year high of GBX 268 ($3.53). The company has a quick ratio of 1.16, a current ratio of 2.01 and a debt-to-equity ratio of 48.09. The stock has a market cap of $256.76 million and a price-to-earnings ratio of 15.05. The company’s 50-day moving average is GBX 213.50 and its two-hundred day moving average is GBX 234.84.

The business also recently declared a dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 23rd will be paid a GBX 4.90 ($0.06) dividend. This is a positive change from TT Electronics’s previous dividend of $2.10. This represents a dividend yield of 2.3%. The ex-dividend date is Thursday, April 23rd. TT Electronics’s dividend payout ratio is currently 0.67%.

About TT Electronics

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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Analyst Recommendations for TT Electronics (LON:TTG)

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