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Analysts at Berenberg Bank began coverage on shares of TT Electronics plc (LON:TTG) in a research report issued to clients and investors on Friday, American Banking and Market News reports. The firm set a “buy” rating and a GBX 247 ($4.05) price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 20.34% from the stock’s previous close.

Shares of TT Electronics plc (LON:TTG) traded up 0.61% on Friday, hitting GBX 205.25. The stock had a trading volume of 304,800 shares. TT Electronics plc has a 52-week low of GBX 148.00 and a 52-week high of GBX 209.61. The stock has a 50-day moving average of GBX 195.6 and a 200-day moving average of GBX 189.6. The company’s market cap is £322.7 million.

A number of other firms have also recently commented on TTG. Analysts at SP Angel reiterated a “hold” rating on shares of TT Electronics plc in a research note to investors on Monday. They now have a GBX 180 ($2.95) price target on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 235.28 ($3.86).

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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