Numis Securities Ltd Reiterates Buy Rating for TT Electronics plc (TTG)
TT Electronics plc (LON:TTG)‘s stock had its “buy” rating restated by stock analysts at Numis Securities Ltd in a research report issued to clients and investors on Wednesday. They presently have a GBX 185 ($2.31) target price on the stock. Numis Securities Ltd’s price target suggests a potential upside of 37.04% from the company’s current price.
Several other research analysts have also weighed in on TTG. Peel Hunt raised TT Electronics plc to a “buy” rating and upped their target price for the stock from GBX 150 ($1.87) to GBX 175 ($2.19) in a research report on Friday, August 12th. Liberum Capital reiterated a “hold” rating and set a GBX 150 ($1.87) price target on shares of TT Electronics plc in a research note on Monday, August 15th. Finally, Canaccord Genuity upgraded TT Electronics plc to a “buy” rating and upped their price target for the stock from GBX 165 ($2.06) to GBX 180 ($2.25) in a research note on Wednesday, August 24th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 167.14 ($2.09).
Shares of TT Electronics plc (LON:TTG) opened at 136.50 on Wednesday. TT Electronics plc has a one year low of GBX 116.43 and a one year high of GBX 168.25. The stock has a 50 day moving average price of GBX 138.62 and a 200-day moving average price of GBX 137.57. The company’s market capitalization is GBX 221.27 million.
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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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