TT Electronics (LON:TTG) Stock Price Up 10.2% – Still a Buy?

TT Electronics plc (LON:TTG)’s stock price traded up 10.2% during trading on Monday . The company traded as high as GBX 136.98 and last traded at GBX 130. 533,230 shares were traded during mid-day trading, an increase of 22% from the average session volume of 438,622 shares. The stock had previously closed at GBX 118.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Jefferies Financial Group reissued a “hold” rating and set a GBX 110 price objective on shares of TT Electronics in a research note on Friday, May 15th. Berenberg Bank raised TT Electronics to a “buy” rating and raised their price objective for the company from GBX 120 to GBX 150 in a research note on Monday, April 13th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 127.50.

TT Electronics Price Performance

The company has a current ratio of 1.71, a quick ratio of 0.93 and a debt-to-equity ratio of 70.10. The company has a market capitalization of £231.95 million, a PE ratio of -4.56, a price-to-earnings-growth ratio of 0.60 and a beta of 0.83. The stock’s 50-day moving average is GBX 116.96 and its two-hundred day moving average is GBX 117.21.

Insider Activity at TT Electronics

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

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.