TT Electronics plc (TTG) Stock Rating Reaffirmed by Numis Securities Ltd
TT Electronics plc (LON:TTG)‘s stock had its “buy” rating reissued by equities research analysts at Numis Securities Ltd in a note issued to investors on Thursday. They currently have a GBX 180 ($2.25) target price on the stock. Numis Securities Ltd’s target price points to a potential upside of 33.33% from the stock’s current price.
A number of other research analysts have also recently issued reports on TTG. Canaccord Genuity raised TT Electronics plc to a “buy” rating and raised their price objective for the company from GBX 165 ($2.06) to GBX 180 ($2.25) in a research note on Wednesday, August 24th. Liberum Capital reaffirmed a “hold” rating and set a GBX 150 ($1.87) price objective on shares of TT Electronics plc in a research note on Monday, August 15th. Finally, Peel Hunt raised TT Electronics plc to a “buy” rating and raised their price objective for the company from GBX 150 ($1.87) to GBX 175 ($2.19) in a research note on Friday, August 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 166.43 ($2.08).
Shares of TT Electronics plc (LON:TTG) opened at 135.00 on Thursday. The firm’s 50-day moving average price is GBX 139.00 and its 200-day moving average price is GBX 137.87. The company’s market capitalization is GBX 218.84 million. TT Electronics plc has a one year low of GBX 116.43 and a one year high of GBX 168.25.
TT Electronics plc Company Profile
TT Electronics plc is a provider of engineered electronics for various applications. The Company’s segments include Transportation Sensing and Control, Industrial Sensing and Control, Advanced Components and Integrated Manufacturing Services (IMS). The Transportation Sensing and Control segment develops sensors and control solutions for automotive original equipment manufacturers and tier one suppliers, including powertrain providers for passenger cars and trucks.
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