TT Electronics (LON:TTG) Downgraded by Royal Bank of Canada to “Sector Perform”

TT Electronics (LON:TTG) was downgraded by analysts at Royal Bank of Canada to a “sector perform” rating in a report issued on Tuesday,London Stock Exchange reports. They presently have a GBX 85 ($1.12) target price on the stock, down from their prior target price of GBX 140 ($1.85). Royal Bank of Canada’s price target would suggest a potential upside of 9.54% from the company’s current price.

TT Electronics Stock Up 6.2 %

TTG traded up GBX 4.50 ($0.06) during midday trading on Tuesday, hitting GBX 77.60 ($1.02). The company had a trading volume of 1,284,345 shares, compared to its average volume of 975,071. The stock’s 50 day moving average price is GBX 82.85 and its 200 day moving average price is GBX 91.78. TT Electronics has a 52 week low of GBX 61.90 ($0.82) and a 52 week high of GBX 184 ($2.43). The company has a market capitalization of £138.58 million, a price-to-earnings ratio of -10.87, a PEG ratio of 0.60 and a beta of 0.95. The company has a quick ratio of 0.93, a current ratio of 2.26 and a debt-to-equity ratio of 71.97.

TT Electronics (LON:TTG) last posted its quarterly earnings results on Thursday, April 10th. The company reported GBX 11 ($0.15) earnings per share for the quarter. TT Electronics had a negative return on equity of 4.73% and a negative net margin of 2.19%. On average, research analysts anticipate that TT Electronics will post 16.7485822 earnings per share for the current fiscal year.

Insider Buying and Selling at TT Electronics

In related news, insider Warren Tucker acquired 32,902 shares of the stock in a transaction dated Thursday, April 10th. The stock was purchased at an average cost of GBX 76 ($1.00) per share, with a total value of £25,005.52 ($32,971.41). 9.06% of the stock is currently owned by company insiders.

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.