The Beauty Tech Group (LON:TBTG) Trading Up 7.6% – Here’s Why

The Beauty Tech Group (LON:TBTG) shares traded up 7.6% on Friday . The stock traded as high as GBX 369 and last traded at GBX 355. 82,137 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 242,635 shares. The stock had previously closed at GBX 330.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 500 price objective on shares of The Beauty Tech Group in a research report on Friday, May 15th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, The Beauty Tech Group has a consensus rating of “Buy” and an average target price of GBX 500.

The Beauty Tech Group Trading Up 7.6%

The firm has a 50-day moving average of GBX 304.84. The firm has a market cap of £377.01 million and a P/E ratio of 32.27.

The Beauty Tech Group (LON:TBTG) last issued its quarterly earnings results on Thursday, April 16th. The beauty technology company reported GBX 11 EPS for the quarter. The business had revenue of £140.96 million for the quarter.

The Beauty Tech Group Company Profile

The Beauty Tech Group is a UK-headquartered beauty technology company focused on developing, marketing and selling clinically backed at-home beauty devices and related skincare products. The group operates a portfolio of category-leading brands, including CurrentBody Skin, ZIIP Beauty and Tria Laser, and offers products built around core aesthetic technologies used in professional settings, including LED light therapy, radio frequency, microcurrent and laser treatments.