The Beauty Tech Group (LON:TBTG) Sets New 12-Month High – Here’s What Happened

The Beauty Tech Group (LON:TBTG)’s share price reached a new 52-week high on Tuesday. The stock traded as high as GBX 506 and last traded at GBX 506, with a volume of 242,904 shares. The stock had previously closed at GBX 502.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TBTG shares. Berenberg Bank raised their target price on shares of The Beauty Tech Group from GBX 550 to GBX 600 and gave the company a “buy” rating in a research note on Thursday, September 17th. Canaccord Genuity Group boosted their price target on The Beauty Tech Group from GBX 545 to GBX 600 and gave the stock a “buy” rating in a research report on Tuesday, September 22nd. Two analysts have rated the stock with a Buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 600.

The Beauty Tech Group Trading Up 0.4%

The firm has a market cap of £552.25 million and a price-to-earnings ratio of 28.11. The stock’s 50 day moving average is GBX 429.33 and its 200 day moving average is GBX 346.97.

The Beauty Tech Group (LON:TBTG) last issued its quarterly earnings data on Thursday, September 17th. The beauty technology company reported GBX 11.80 earnings per share (EPS) for the quarter.

About The Beauty Tech Group

The Beauty Tech Group is a UK-headquartered beauty technology company focused on developing, marketing and selling clinically backed at-home beauty devices and related skincare products. The group operates a portfolio of category-leading brands, including CurrentBody Skin, ZIIP Beauty and Tria Laser, and offers products built around core aesthetic technologies used in professional settings, including LED light therapy, radio frequency, microcurrent and laser treatments.