The Beauty Tech Group (LON:TBTG) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

The Beauty Tech Group (LON:TBTG) had its target price upped by equities researchers at Canaccord Genuity Group from GBX 545 to GBX 600 in a research note issued to investors on Tuesday, Digital Look reports. The firm presently has a “buy” rating on the beauty technology company ‘s stock. Canaccord Genuity Group’s target price would suggest a potential upside of 36.36% from the company’s previous close.

Separately, Berenberg Bank upped their price target on The Beauty Tech Group from GBX 550 to GBX 600 and gave the stock a “buy” rating in a report on Thursday, September 17th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 600.

The Beauty Tech Group Trading Up 2.6%

TBTG stock opened at GBX 440 on Tuesday. The company has a market cap of £467.28 million and a P/E ratio of 40.00. The Beauty Tech Group has a 52 week low of GBX 213 and a 52 week high of GBX 445. The company’s 50-day moving average price is GBX 355.66 and its 200 day moving average price is GBX 327.66.

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

About The Beauty Tech Group

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.