Berenberg Bank Lowers TT Electronics plc Price Target to GBX 220 (TTG)
Stock analysts at Berenberg Bank reduced their price target on shares of TT Electronics plc (LON:TTG) from GBX 247 ($4.13) to GBX 220 ($3.68) in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 30.18% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at SP Angel reiterated a “hold” rating on shares of TT Electronics plc in a research note on Tuesday. They now have a GBX 190 ($3.18) 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 on Tuesday. They now have a GBX 230 ($3.84) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of TT Electronics plc in a research note on Tuesday. They now have a GBX 255 ($4.26) price target on the stock. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of GBX 241 ($4.03).
Shares of TT Electronics plc (LON:TTG) opened at 166.00 on Thursday. TT Electronics plc has a 1-year low of GBX 168.73 and a 1-year high of GBX 225.00. The stock has a 50-day moving average of GBX 188.4 and a 200-day moving average of GBX 205.3. The company’s market cap is £257.3 million.
The company also recently announced a dividend, which is scheduled for Thursday, October 30th. Investors of record on Thursday, October 16th will be paid a dividend of GBX 1.70 ($0.03) per share. This represents a dividend yield of 1%. The ex-dividend date is Thursday, October 16th.
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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