TT Electronics plc Receives New Coverage from Analysts at Berenberg Bank (TTG)
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.