The Beauty Tech Group (LON:TBTG) Price Target Raised to GBX 600

The Beauty Tech Group (LON:TBTG) had its price objective increased by Berenberg Bank from GBX 550 to GBX 600 in a research report report published on Thursday morning,Digital Look reports. The brokerage currently has a buy rating on the beauty technology company ‘s stock.

Separately, Canaccord Genuity Group started coverage on The Beauty Tech Group in a research report on Monday, July 27th. They set a “buy” rating and a GBX 545 price target for the company. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 572.50.

The Beauty Tech Group Price Performance

TBTG opened at GBX 402 on Thursday. The Beauty Tech Group has a 12 month low of GBX 213 and a 12 month high of GBX 430. The business has a 50 day simple moving average of GBX 350.86 and a 200-day simple moving average of GBX 324.48. The stock has a market capitalization of £426.93 million and a P/E ratio of 36.55.

The Beauty Tech Group (LON:TBTG) last announced its quarterly earnings data on Thursday, September 17th. The beauty technology company reported GBX 11.80 earnings per share for the quarter.

About The Beauty Tech Group

The Beauty Tech Group is a UK-headquartered beauty technology company focused on developing, marketing and selling clinically backed at-home beauty devices and related skincare products. The group operates a portfolio of category-leading brands, including CurrentBody Skin, ZIIP Beauty and Tria Laser, and offers products built around core aesthetic technologies used in professional settings, including LED light therapy, radio frequency, microcurrent and laser treatments.