TT Electronics (LON:TTG) Stock Rating Reaffirmed as Hold by Jefferies Financial Group

TT Electronics (LON:TTG)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Financial Group in a note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a GBX 175 price target on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 0.69% from the stock’s previous close.

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

TT Electronics Stock Down 0.7%

TTG traded down GBX 1.20 during midday trading on Thursday, reaching GBX 173.80. The company’s stock had a trading volume of 1,007,640 shares, compared to its average volume of 430,790. The firm has a market capitalization of £310.16 million, a price-to-earnings ratio of -7.90, a PEG ratio of 0.60 and a beta of 0.84. The company has a current ratio of 1.67, a quick ratio of 0.93 and a debt-to-equity ratio of 65.61. TT Electronics has a 1 year low of GBX 93 and a 1 year high of GBX 182.80. The stock’s 50-day moving average is GBX 150.06 and its 200-day moving average is GBX 128.39.

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