TT Electronics (LON:TTG) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of TT Electronics plc (LON:TTG) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 117.20 and traded as high as GBX 119.62. TT Electronics shares last traded at GBX 118, with a volume of 86,832 shares.

Analysts Set New Price Targets

TTG has been the topic of a number of recent research reports. Jefferies Financial Group restated a “hold” rating and set a GBX 110 price target on shares of TT Electronics in a report on Friday, May 15th. Berenberg Bank upgraded shares of TT Electronics to a “buy” rating and upped their price objective for the stock from GBX 120 to GBX 150 in a report on Monday, April 13th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a GBX 145 price objective on shares of TT Electronics in a report on Thursday, March 26th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 127.50.

TT Electronics Trading Up 0.5%

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 company has a 50-day simple moving average of GBX 116.96 and a 200 day simple moving average of GBX 117.20. The company has a market capitalization of £210.54 million, a P/E ratio of -4.14, a P/E/G ratio of 0.60 and a beta of 0.83.

Insider Activity

In related news, insider Phil Swash bought 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average price of GBX 119 per share, with a total value of £119,000. Insiders own 8.80% of the company’s stock.

TT Electronics Company Profile

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.