TT Electronics (LON:TTG) Reaches New 12-Month High – What’s Next?

TT Electronics plc (LON:TTG) shares hit a new 52-week high during trading on Thursday. The stock traded as high as GBX 199 and last traded at GBX 189.80, with a volume of 6,250,605 shares changing hands. The stock had previously closed at GBX 185.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Berenberg Bank boosted 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 company a “sector perform” rating in a research report on Thursday, September 3rd. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 175 price target on shares of TT Electronics in a research note on Thursday, October 1st. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 170.

TT Electronics Price Performance

The company has a debt-to-equity ratio of 65.61, a quick ratio of 0.93 and a current ratio of 1.67. The stock has a market capitalization of £338.71 million, a PE ratio of -8.63, a price-to-earnings-growth ratio of 0.60 and a beta of 0.84. The stock’s 50 day moving average is GBX 159.14 and its two-hundred day moving average is GBX 132.66.

TT Electronics (LON:TTG) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported GBX 5.70 EPS for the quarter. TT Electronics had a negative return on equity of 24.38% and a negative net margin of 7.80%. On average, equities analysts anticipate that TT Electronics plc will post 16.75 EPS for the current fiscal year.

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.