SP Angel Reiterates “Hold” Rating for TT Electronics plc (TTG)
TT Electronics plc (LON:TTG)‘s stock had its “hold” rating reaffirmed by investment analysts at SP Angel in a note issued to investors on Monday, American Banking and Market News reports. They currently have a GBX 180 ($2.95) price target on the stock. SP Angel’s target price indicates a potential downside of 11.55% from the stock’s previous close.
Shares of TT Electronics plc (LON:TTG) traded down 0.73% on Monday, hitting GBX 203.50. 80,162 shares of the company’s stock traded hands. TT Electronics plc has a 52 week low of GBX 148.00 and a 52 week high of GBX 208.00. The stock’s 50-day moving average is GBX 194.6 and its 200-day moving average is GBX 188.8. The company’s market cap is £319.9 million.
A number of other analysts have also recently weighed in on TTG. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of TT Electronics plc in a research note to investors on Friday, January 10th. They now have a GBX 235 ($3.86) price target on the stock. Analysts at Goldman Sachs Group Inc. cut their price target on shares of TT Electronics plc from GBX 320 ($5.25) to GBX 310 ($5.09) in a research note to investors on Wednesday, November 13th. They now have a “strong-buy” rating on the stock.
TT electronics plc is the parent company of a group whose principal activities are to design, manufacture and sell electronic components and sensor technologies for the defense, aerospace, medical, transportation and industrial electronics markets.
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