TT Electronics (LON:TTG) Given Buy Rating at Stifel Nicolaus

Stifel Nicolaus reiterated their buy rating on shares of TT Electronics (LON:TTG) in a research note published on Thursday morning, MarketBeat reports. The firm currently has a GBX 145 target price on the stock.

Separately, Berenberg Bank reaffirmed a “hold” rating and set a GBX 120 price objective on shares of TT Electronics in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 113.75.

TT Electronics Stock Performance

TTG opened at GBX 112.20 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.71 and a debt-to-equity ratio of 70.10. TT Electronics has a 12-month low of GBX 61.90 and a 12-month high of GBX 154.80. The business has a 50 day moving average of GBX 117.76 and a 200-day moving average of GBX 117.88. The stock has a market cap of £199.78 million, a price-to-earnings ratio of -2.98, a PEG ratio of 0.60 and a beta of 0.95.

TT Electronics (LON:TTG) last posted its earnings results on Wednesday, March 25th. The company reported GBX 6.90 earnings per share for the quarter. TT Electronics had a negative return on equity of 31.21% and a negative net margin of 10.51%. On average, equities research analysts expect that TT Electronics will post 16.7485822 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Warren Tucker sold 48,445 shares of the company’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of GBX 109, for a total transaction of £52,805.05. 8.76% of the stock is owned by corporate insiders.

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.