TT Electronics (LON:TTG) Earns “Hold” Rating from Jefferies Financial Group

TT Electronics (LON:TTG)‘s stock had its “hold” rating restated by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Thursday, October 1st, Marketbeat.com reports. They presently have a GBX 175 price target on the stock. Jefferies Financial Group’s price objective points to a potential downside of 2.23% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Royal Bank Of Canada increased their price target on TT Electronics from GBX 115 to GBX 160 and gave the stock a “sector perform” rating in a research report on Thursday, September 3rd. Berenberg Bank boosted their price objective on TT Electronics from GBX 150 to GBX 200 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, TT Electronics currently has a consensus rating of “Moderate Buy” and an average target price of GBX 170.

TT Electronics Stock Performance

LON:TTG traded down GBX 9.40 during midday trading on Thursday, hitting GBX 179. The company’s stock had a trading volume of 400,763 shares, compared to its average volume of 433,956. TT Electronics has a fifty-two week low of GBX 93 and a fifty-two week high of GBX 197.80. The company has a debt-to-equity ratio of 65.61, a current ratio of 1.67 and a quick ratio of 0.93. The firm has a market cap of £319.44 million, a P/E ratio of -8.14, a P/E/G ratio of 0.60 and a beta of 0.84. The firm’s 50 day moving average is GBX 153.82 and its 200-day moving average is GBX 130.07.

TT Electronics (LON:TTG) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported GBX 5.70 EPS for the quarter. TT Electronics had a negative net margin of 7.80% and a negative return on equity of 24.38%. Equities analysts anticipate that TT Electronics will post 16.7485822 earnings per share for the current fiscal year.

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.