TT Electronics (LON:TTG) Sets New 1-Year High – Still a Buy?

Shares of TT Electronics plc (LON:TTG) hit a new 52-week high during trading on Monday. The stock traded as high as GBX 189.80 and last traded at GBX 187.80, with a volume of 902899 shares changing hands. The stock had previously closed at GBX 173.80.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group restated a “hold” rating and issued a GBX 175 price target on shares of TT Electronics in a research report on Thursday. Berenberg Bank boosted their price objective on TT Electronics from GBX 150 to GBX 200 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Finally, Royal Bank Of Canada raised their price target on shares of TT Electronics from GBX 115 to GBX 160 and gave the stock a “sector perform” rating in a report on Thursday, September 3rd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, TT Electronics has a consensus rating of “Moderate Buy” and an average price target of GBX 170.

TT Electronics Price Performance

The business’s 50-day moving average is GBX 150.06 and its two-hundred day moving average is GBX 128.47. The company has a market capitalization of £335.14 million, a P/E ratio of -8.54, a price-to-earnings-growth ratio of 0.60 and a beta of 0.84. The company has a quick ratio of 0.93, a current ratio of 1.67 and a debt-to-equity ratio of 65.61.

TT Electronics (LON:TTG) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported GBX 5.70 EPS for the quarter. TT Electronics had a negative return on equity of 24.38% and a negative net margin of 7.80%. As a group, analysts predict that TT Electronics plc will post 16.7485822 earnings per share for the current year.

TT Electronics Company Profile

TT Electronics is a global provider of engineered electronics for performance critical applications.
TT engineers and manufactures electronic solutions enabling a safer, healthier and more sustainable world. TT benefits from enduring megatrends in structurally high-growth markets including healthcare, aerospace, defence, automation and electrification. TT invests in R&D to create designed-in products where reliability is mission critical. Products designed and manufactured include sensors, power management and connectivity solutions.