TT Electronics plc (LON:TTG) Insider Michael Ord Acquires 25,000 Shares of Stock

TT Electronics plc (LON:TTGGet Rating) insider Michael Ord acquired 25,000 shares of the firm’s stock in a transaction on Tuesday, March 14th. The shares were acquired at an average price of GBX 184 ($2.24) per share, with a total value of £46,000 ($56,063.38).

TT Electronics Trading Down 4.1 %

LON TTG opened at GBX 179 ($2.18) on Thursday. The firm has a market capitalization of £315.99 million, a PE ratio of -2,557.14, a P/E/G ratio of 0.60 and a beta of 1.07. The stock’s 50 day moving average price is GBX 184.34 and its two-hundred day moving average price is GBX 164.80. The company has a current ratio of 1.91, a quick ratio of 0.93 and a debt-to-equity ratio of 68.49.

TT Electronics Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 26th. Stockholders of record on Thursday, April 27th will be given a GBX 4.30 ($0.05) dividend. The ex-dividend date is Thursday, April 27th. This represents a dividend yield of 2.17%. This is an increase from TT Electronics’s previous dividend of $2.00. TT Electronics’s payout ratio is presently -8,571.43%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Peel Hunt reiterated an “add” rating and set a GBX 225 ($2.74) price objective on shares of TT Electronics in a research note on Wednesday, March 8th. Royal Bank of Canada decreased their price objective on shares of TT Electronics from GBX 275 ($3.35) to GBX 250 ($3.05) and set an “outperform” rating for the company in a research note on Monday, November 21st. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 260 ($3.17) target price on shares of TT Electronics in a research report on Friday, March 10th.

TT Electronics Company Profile

(Get Rating)

TT Electronics plc provides engineered electronics for performance critical applications in the automation and electrification, healthcare, and aerospace and defense markets worldwide. The company operates through three divisions: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components.

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