TT Electronics plc (TTG) PT Raised to GBX 275 at Peel Hunt
TT Electronics plc (LON:TTG) had its price target hoisted by equities research analysts at Peel Hunt from GBX 225 ($2.91) to GBX 275 ($3.55) in a research note issued on Wednesday. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s price objective suggests a potential upside of 14.70% from the stock’s previous close.
A number of other equities analysts have also commented on TTG. Liberum Capital reissued a “buy” rating and set a GBX 225 ($2.91) price target on shares of TT Electronics plc in a research note on Friday, May 12th. Numis Securities Ltd reissued a “buy” rating and set a GBX 240 ($3.10) price target on shares of TT Electronics plc in a research note on Friday, May 12th. Berenberg Bank raised TT Electronics plc to a “buy” rating and increased their price target for the company from GBX 150 ($1.94) to GBX 235 ($3.03) in a research note on Friday, June 2nd. Finally, Investec reissued a “buy” rating and set a GBX 258 ($3.33) price target on shares of TT Electronics plc in a research note on Tuesday, August 22nd. Seven research analysts have rated the stock with a buy rating, TT Electronics plc has a consensus rating of “Buy” and an average price target of GBX 234.71 ($3.03).
Shares of TT Electronics plc (LON TTG) traded down 0.10% during trading on Wednesday, reaching GBX 239.75. The company’s stock had a trading volume of 31,997 shares. The company has a 50 day moving average of GBX 219.89 and a 200-day moving average of GBX 199.62. TT Electronics plc has a 12-month low of GBX 128.35 and a 12-month high of GBX 245.00. The stock’s market cap is GBX 389.35 million.
TT Electronics plc (LON:TTG) last announced its quarterly earnings results on Friday, August 11th. The company reported $0.02 EPS for the quarter. TT Electronics plc had a return on equity of 3.34% and a net margin of 2.17%. Analysts forecast that TT Electronics plc will post $13.18 EPS for the current year.
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About TT Electronics plc
TT Electronics plc is a global provider of engineered electronics for performance critical applications. The Company’s divisions include Industrial Sensing and Control, Advanced Components and Integrated Manufacturing Services (IMS). The Industrial Sensing and Control division offers position, pressure, temperature, flow and fluid quality sensors for a range of end markets, including industrial automation, industrial process control and medical and aerospace.
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