TT Electronics (LON:TTG) Reaches New 1-Year High – Still a Buy?

Shares of TT Electronics plc (LON:TTG) hit a new 52-week high on Thursday . The company traded as high as GBX 177 and last traded at GBX 176, with a volume of 27023846 shares changing hands. The stock had previously closed at GBX 175.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TTG shares. Jefferies Financial Group reissued a “hold” rating and issued a GBX 110 price objective on shares of TT Electronics in a research report on Wednesday, September 2nd. Berenberg Bank lifted their target price on shares of TT Electronics from GBX 150 to GBX 200 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Finally, Royal Bank Of Canada upped their price target on shares of TT Electronics from GBX 115 to GBX 160 and gave the stock a “sector perform” rating in a research report on Thursday, September 3rd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, TT Electronics has an average rating of “Hold” and a consensus target price of GBX 144.

TT Electronics Stock Up 0.1%

The stock has a market capitalization of £312.65 million, a price-to-earnings ratio of -7.96, a price-to-earnings-growth ratio of 0.60 and a beta of 0.84. The firm has a 50-day moving average of GBX 135.85 and a 200 day moving average of GBX 123.45. 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 (LON:TTG) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported GBX 5.70 earnings per share (EPS) for the quarter. TT Electronics had a negative net margin of 7.80% and a negative return on equity of 24.38%. On average, sell-side analysts anticipate that TT Electronics plc will post 16.7485822 earnings per share 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.