TT Electronics (LON:TTG) Price Target Lowered to GBX 240 at Royal Bank of Canada
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.
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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