TT Electronics (TTG) Price Target Increased to GBX 265 by Analysts at Berenberg Bank

TT Electronics (LON:TTG) had its target price increased by equities researchers at Berenberg Bank from GBX 245 ($3.38) to GBX 265 ($3.66) in a research note issued on Monday. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 11.81% from the stock’s current price.

A number of other research analysts have also issued reports on TTG. Liberum Capital reissued a “buy” rating and set a GBX 240 ($3.32) target price on shares of TT Electronics in a research note on Thursday. Peel Hunt reissued a “buy” rating and set a GBX 275 ($3.80) target price on shares of TT Electronics in a research note on Thursday. Jefferies Group boosted their target price on shares of TT Electronics from GBX 200 ($2.76) to GBX 255 ($3.52) and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Numis Securities reissued a “buy” rating and set a GBX 260 ($3.59) target price on shares of TT Electronics in a research note on Wednesday, February 14th. Six equities research analysts have rated the stock with a buy rating, TT Electronics has a consensus rating of “Buy” and an average target price of GBX 258.83 ($3.58).

TT Electronics (LON TTG) traded down GBX 2.50 ($0.03) during trading on Monday, reaching GBX 237 ($3.27). 91,787 shares of the company’s stock were exchanged, compared to its average volume of 144,667. The firm has a market cap of $386.20 and a price-to-earnings ratio of 2,962.50. TT Electronics has a 52-week low of GBX 162 ($2.24) and a 52-week high of GBX 245 ($3.38).

TT Electronics (LON:TTG) last posted its earnings results on Thursday, March 8th. The company reported GBX 10.90 ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 9.80 ($0.14) by GBX 1.10 ($0.02). The firm had revenue of £360 million during the quarter. TT Electronics had a net margin of 2.17% and a return on equity of 3.34%.

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About TT Electronics

TT Electronics plc is a global provider of engineered electronics for performance critical applications. The Company’s divisions include Advanced Components and Integrated Manufacturing Services (IMS). The Advanced Components division creates engineered electronic components for circuit protection, power management and signal conditioning.

Analyst Recommendations for TT Electronics (LON:TTG)

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