The Beauty Tech Group (LON:TBTG) Reaches New 52-Week High – What’s Next?

The Beauty Tech Group (LON:TBTG) reached a new 52-week high on Tuesday. The company traded as high as GBX 544 and last traded at GBX 529.44, with a volume of 48,148 shares traded. The stock had previously closed at GBX 530.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Canaccord Genuity Group increased their target price on The Beauty Tech Group from GBX 545 to GBX 600 and gave the stock a “buy” rating in a research report on Tuesday, September 22nd. Berenberg Bank boosted their price target on The Beauty Tech Group from GBX 550 to GBX 600 and gave the stock a “buy” rating in a report on Thursday, September 17th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 600.

The Beauty Tech Group Stock Performance

The firm has a market cap of £556.50 million and a PE ratio of 28.54. The firm has a fifty day simple moving average of GBX 440.24 and a two-hundred day simple moving average of GBX 350.18.

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