TT Electronics plc (LON:TTG – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 155.96 ($1.97) and traded as high as GBX 156.50 ($1.98). TT Electronics shares last traded at GBX 155.50 ($1.97), with a volume of 130,623 shares trading hands.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 260 ($3.29) price target on shares of TT Electronics in a research report on Monday, March 11th. Numis Securities reiterated a “buy” rating and issued a GBX 260 ($3.29) price objective on shares of TT Electronics in a report on Friday, March 8th.
Check Out Our Latest Research Report on TT Electronics
TT Electronics Stock Performance
TT Electronics Increases Dividend
The company also recently announced a dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be issued a dividend of GBX 4.65 ($0.06) per share. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 3.33%. This is an increase from TT Electronics’s previous dividend of $2.15. TT Electronics’s dividend payout ratio (DPR) is currently -23,333.33%.
Insider Transactions at TT Electronics
In other news, insider Mark Hoad sold 54,120 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of GBX 156 ($1.97), for a total transaction of £84,427.20 ($106,856.35). Insiders own 7.42% of the company’s stock.
About TT Electronics
TT Electronics plc provides design-led advanced electronics technologies for performance critical applications in the healthcare, aerospace and defense, and automation and electrification markets in the United Kingdom, Rest of Europe, North America, Asia, and internationally. The company operates through three segments: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components.
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