Berenberg Bank Reiterates Buy Rating for The Beauty Tech Group (LON:TBTG)

The Beauty Tech Group (LON:TBTG)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a note issued to investors on Monday,Digital Look reports. They currently have a GBX 500 target price on the beauty technology company ‘s stock. Berenberg Bank’s price objective points to a potential upside of 58.73% from the company’s previous close.

The Beauty Tech Group Stock Performance

Shares of LON TBTG opened at GBX 315 on Monday. The company has a market capitalization of £348.71 million and a P/E ratio of 65.35. The Beauty Tech Group has a 1 year low of GBX 213 and a 1 year high of GBX 337.92. The stock has a 50-day moving average price of GBX 283.06.

The Beauty Tech Group (LON:TBTG) last announced its quarterly earnings data on Thursday, April 16th. The beauty technology company reported GBX 11 earnings per share (EPS) for the quarter. The firm had revenue of £140.96 million during the quarter.

The Beauty Tech Group Company Profile

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.