TT Electronics (LON:TTG) Rating Increased to Buy at Berenberg Bank

Berenberg Bank upgraded shares of TT Electronics (LON:TTG) to a buy rating in a report released on Monday, Marketbeat.com reports. Berenberg Bank currently has GBX 150 target price on the stock, up from their previous target price of GBX 120.

Separately, Stifel Nicolaus restated a “buy” rating and issued a GBX 145 target price on shares of TT Electronics in a research report on Thursday, March 26th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 121.25.

TT Electronics Stock Performance

Shares of TT Electronics stock opened at GBX 120 on Monday. TT Electronics has a one year low of GBX 71.17 and a one year high of GBX 154.80. The company has a market cap of £213.67 million, a price-to-earnings ratio of -4.21, a PEG ratio of 0.60 and a beta of 1.99. The company has a debt-to-equity ratio of 70.10, a quick ratio of 0.93 and a current ratio of 1.71. The business’s 50 day moving average price is GBX 119.43 and its 200 day moving average price is GBX 118.92.

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