TT Electronics’ (TTG) “Hold” Rating Reaffirmed at Berenberg Bank

Berenberg Bank restated their hold rating on shares of TT Electronics (LON:TTG) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has a GBX 120 target price on the stock.

TT Electronics Stock Performance

Shares of TT Electronics stock opened at GBX 110.20 on Wednesday. The stock has a market capitalization of £196.22 million, a price-to-earnings ratio of -2.93, a price-to-earnings-growth ratio of 0.60 and a beta of 0.95. The company has a debt-to-equity ratio of 81.11, a current ratio of 1.90 and a quick ratio of 0.93. The business has a 50-day moving average of GBX 117.72 and a 200 day moving average of GBX 117.92. TT Electronics has a 12 month low of GBX 61.90 and a 12 month high of GBX 154.80.

TT Electronics (LON:TTG) last issued its quarterly earnings results on Wednesday, March 25th. The company reported GBX 6.90 earnings per share (EPS) for the quarter. TT Electronics had a negative net margin of 14.38% and a negative return on equity of 37.50%. As a group, sell-side analysts forecast that TT Electronics will post 16.7485822 earnings per share for the current year.

Insiders Place Their Bets

In other TT Electronics news, insider Warren Tucker sold 44,532 shares of the stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of GBX 111, for a total transaction of £49,430.52. 8.76% of the stock is currently owned by 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.