The Beauty Tech Group (LON:TBTG) Reaches New 1-Year High – Should You Buy?

The Beauty Tech Group (LON:TBTG)’s share price reached a new 52-week high during trading on Tuesday. The company traded as high as GBX 491 and last traded at GBX 491, with a volume of 143,350 shares. The stock had previously closed at GBX 486.

Analysts Set New Price Targets

A number of analysts have weighed in on TBTG shares. Berenberg Bank increased their target price on shares of The Beauty Tech Group from GBX 550 to GBX 600 and gave the company a “buy” rating in a research report on Thursday, September 17th. Canaccord Genuity Group raised their price target on shares of The Beauty Tech Group from GBX 545 to GBX 600 and gave the stock a “buy” rating in a report on Tuesday, September 22nd. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, The Beauty Tech Group currently has a consensus rating of “Buy” and a consensus price target of GBX 600.

The Beauty Tech Group Price Performance

The firm has a market cap of £520.38 million and a price-to-earnings ratio of 26.48. The firm’s fifty day moving average is GBX 405.90 and its 200-day moving average is GBX 339.34.

The Beauty Tech Group (LON:TBTG) last issued its quarterly earnings results on Thursday, September 17th. The beauty technology company reported GBX 11.80 earnings per share for the quarter.

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.