TT Electronics’ (TTG) “Hold” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of TT Electronics (LON:TTG) in a research report released on Wednesday,Digital Look reports. Jefferies Financial Group currently has a GBX 110 price objective on the stock.

Separately, Berenberg Bank raised their price objective on TT Electronics from GBX 150 to GBX 200 and gave the stock a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 144.

TT Electronics Stock Up 0.7%

Shares of LON:TTG opened at GBX 151.40 on Wednesday. TT Electronics has a 52 week low of GBX 93 and a 52 week high of GBX 155. The company has a debt-to-equity ratio of 65.61, a quick ratio of 0.93 and a current ratio of 1.67. The company has a market capitalization of £270.13 million, a PE ratio of -5.31, a PEG ratio of 0.60 and a beta of 0.83. The company has a 50 day moving average price of GBX 127.99 and a two-hundred day moving average price of GBX 121.26.

TT Electronics (LON:TTG) last posted its earnings results on Wednesday, September 2nd. The company reported GBX 5.70 earnings per share for the quarter. TT Electronics had a negative net margin of 7.80% and a negative return on equity of 24.38%. Analysts forecast that TT Electronics will post 16.7485822 earnings per share for the current year.

Insider Activity

In other TT Electronics news, insider Phil Swash bought 100,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was acquired at an average cost of GBX 119 per share, with a total value of £119,000. Corporate insiders own 8.80% of the company’s stock.

About TT Electronics

TT Electronics is a global provider of engineered electronics for performance critical applications.
TT engineers and manufactures electronic solutions enabling a safer, healthier and more sustainable world. TT benefits from enduring megatrends in structurally high-growth markets including healthcare, aerospace, defence, automation and electrification. TT invests in R&D to create designed-in products where reliability is mission critical. Products designed and manufactured include sensors, power management and connectivity solutions.