The Beauty Tech Group (LON:TBTG) Shares Down 3.5% – Here’s What Happened

Shares of The Beauty Tech Group (LON:TBTG) dropped 3.5% on Monday . The company traded as low as GBX 345 and last traded at GBX 355. Approximately 389,328 shares changed hands during mid-day trading, an increase of 45% from the average daily volume of 267,769 shares. The stock had previously closed at GBX 368.

Analysts Set New Price Targets

TBTG has been the subject of a number of recent analyst reports. Berenberg Bank upped their target price on The Beauty Tech Group from GBX 500 to GBX 550 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Canaccord Genuity Group began coverage on shares of The Beauty Tech Group in a research note on Monday, July 27th. They issued a “buy” rating and a GBX 545 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 547.50.

The Beauty Tech Group Price Performance

The company has a market capitalization of £381.26 million and a price-to-earnings ratio of 32.64. The business has a fifty day moving average price of GBX 350.49 and a 200 day moving average price of GBX 318.91.

The Beauty Tech Group Company Profile

The Beauty Tech Group is a UK-headquartered beauty technology company focused on developing, marketing and selling clinically backed at-home beauty devices and related skincare products. The group operates a portfolio of category-leading brands, including CurrentBody Skin, ZIIP Beauty and Tria Laser, and offers products built around core aesthetic technologies used in professional settings, including LED light therapy, radio frequency, microcurrent and laser treatments.