Insider Buying: TT Electronics (LON:TTG) Insider Purchases 100,000 Shares of Stock

TT Electronics plc (LON:TTG) insider Phil Swash bought 100,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were acquired at an average price of GBX 119 per share, with a total value of £119,000.

TT Electronics Trading Up 1.2%

Shares of LON:TTG traded up GBX 1.40 during trading hours on Tuesday, hitting GBX 117. 257,919 shares of the company’s stock traded hands, compared to its average volume of 351,847. TT Electronics plc has a 1 year low of GBX 89 and a 1 year high of GBX 154.80. The business has a fifty day moving average price of GBX 117.69 and a 200-day moving average price of GBX 118.87. The firm has a market capitalization of £208.70 million, a P/E ratio of -4.11, a price-to-earnings-growth ratio of 0.60 and a beta of 0.84. The company has a debt-to-equity ratio of 70.10, a current ratio of 1.71 and a quick ratio of 0.93.

TT Electronics (LON:TTG) last announced its earnings results on Wednesday, March 25th. The company reported GBX 6.90 earnings per share (EPS) for the quarter. TT Electronics had a negative return on equity of 31.21% and a negative net margin of 10.51%. Equities analysts expect that TT Electronics plc will post 16.7485822 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 145 target price on shares of TT Electronics in a report on Thursday, March 26th. Berenberg Bank upgraded TT Electronics to a “buy” rating and upped their target price for the stock from GBX 120 to GBX 150 in a report on Monday, April 13th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 110 target price on shares of TT Electronics in a report on Friday, May 15th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 127.50.

TT Electronics Company Profile

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.