TT Electronics plc (LON:TTG) was upgraded by equities researchers at Liberum Capital to a “buy” rating in a report issued on Friday. The firm presently has a GBX 210 ($2.59) target price on the stock, up from their prior target price of GBX 156 ($1.93). Liberum Capital’s target price suggests a potential upside of 6.87% from the company’s current price.

Several other analysts also recently issued reports on TTG. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 205 ($2.53) price target on shares of TT Electronics plc in a report on Thursday, March 9th. Jefferies Group LLC upped their price target on shares of TT Electronics plc from GBX 178 ($2.20) to GBX 200 ($2.47) and gave the company a “buy” rating in a report on Monday, March 13th. Peel Hunt upped their price target on shares of TT Electronics plc from GBX 200 ($2.47) to GBX 225 ($2.78) and gave the company a “buy” rating in a report on Tuesday, March 14th. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 180 ($2.22) price target on shares of TT Electronics plc in a report on Thursday, November 24th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 150 ($1.85) price target on shares of TT Electronics plc in a report on Thursday, February 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. TT Electronics plc currently has a consensus rating of “Buy” and a consensus price target of GBX 195 ($2.41).

Analyst Recommendations for TT Electronics plc (LON:TTG)

TT Electronics plc (LON:TTG) opened at 196.50 on Friday. TT Electronics plc has a 52-week low of GBX 116.43 and a 52-week high of GBX 202.50. The stock’s market cap is GBX 318.92 million. The company’s 50 day moving average is GBX 159.87 and its 200-day moving average is GBX 149.49.

The company also recently disclosed a dividend, which will be paid on Friday, June 2nd. Stockholders of record on Thursday, May 18th will be given a GBX 3.90 ($0.05) dividend. This represents a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, May 18th. This is a positive change from TT Electronics plc’s previous dividend of $1.70.

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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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