The Beauty Tech Group (LON:TBTG) Reaches New 52-Week High – Time to Buy?

The Beauty Tech Group (LON:TBTG)’s stock price reached a new 52-week high on Wednesday. The stock traded as high as GBX 477 and last traded at GBX 474, with a volume of 560062 shares. The stock had previously closed at GBX 467.

Wall Street Analyst Weigh In

TBTG has been the subject of several recent analyst reports. Canaccord Genuity Group increased their price objective on The Beauty Tech Group from GBX 545 to GBX 600 and gave the company a “buy” rating in a report on Tuesday, September 22nd. Berenberg Bank raised their target price on shares of The Beauty Tech Group from GBX 550 to GBX 600 and gave the company a “buy” rating in a research note on Thursday, September 17th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, The Beauty Tech Group has an average rating of “Buy” and an average price target of GBX 600.

The Beauty Tech Group Stock Up 0.2%

The firm has a market cap of £500.21 million and a P/E ratio of 42.82. The business has a fifty day moving average of GBX 368.75 and a 200 day moving average of GBX 335.11.

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

The Beauty Tech Group Company Profile

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.