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

Jefferies Financial Group reissued their hold rating on shares of TT Electronics (LON:TTG) in a report published on Friday, MarketBeat.com reports. The firm currently has a GBX 110 target price on the stock.

Other equities analysts have also recently issued research reports about the company. Berenberg Bank upgraded TT Electronics to a “buy” rating and boosted their price target for the company from GBX 120 to GBX 150 in a research report on Monday, April 13th. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 145 target price on shares of TT Electronics in a research note on Thursday, March 26th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 127.50.

TT Electronics Price Performance

Shares of LON:TTG opened at GBX 118 on Friday. TT Electronics has a 1-year low of GBX 86.62 and a 1-year high of GBX 154.80. The company has a debt-to-equity ratio of 70.10, a current ratio of 1.71 and a quick ratio of 0.93. The stock has a market cap of £210.17 million, a P/E ratio of -4.14, a P/E/G ratio of 0.60 and a beta of 0.87. The firm has a fifty day moving average price of GBX 116.47 and a 200 day moving average price of GBX 121.29.

TT Electronics (LON:TTG) last posted its quarterly earnings data on Wednesday, March 25th. The company reported GBX 6.90 EPS for the quarter. TT Electronics had a negative net margin of 10.51% and a negative return on equity of 31.21%. Sell-side analysts predict 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.