TT Electronics plc Stock Rating Reaffirmed by Peel Hunt (TTG)
TT Electronics plc (LON:TTG)‘s stock had its “buy” rating restated by research analysts at Peel Hunt in a report released on Friday. They currently have a GBX 220 ($3.68) target price on the stock. Peel Hunt’s target price would indicate a potential upside of 29.99% from the company’s current price.
TT Electronics plc (LON:TTG) opened at 173.00 on Friday. TT Electronics plc has a 52 week low of GBX 167.50 and a 52 week high of GBX 225.00. The stock’s 50-day moving average is GBX 187.3 and its 200-day moving average is GBX 205.. The company’s market cap is £268.1 million.
The company also recently declared a dividend, which is scheduled for Thursday, October 30th. Stockholders of record on Thursday, October 16th will be given a dividend of GBX 1.70 ($0.03) per share. This represents a yield of 1%. The ex-dividend date of this dividend is Thursday, October 16th.
A number of other analysts have also recently weighed in on TTG. Analysts at Berenberg Bank cut their price target on shares of TT Electronics plc from GBX 247 ($4.13) to GBX 220 ($3.68) in a research note on Thursday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 237.50 ($3.97).
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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