Stifel Nicolaus Reaffirms Buy Rating for TT Electronics (LON:TTG)

TT Electronics (LON:TTG)‘s stock had its “buy” rating reiterated by Stifel Nicolaus in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They currently have a GBX 145 target price on the stock. Stifel Nicolaus’ price target indicates a potential upside of 30.41% from the stock’s current price.

Separately, Berenberg Bank restated a “hold” rating and set a GBX 120 price target on shares of TT Electronics in a report on Wednesday. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 113.75.

TT Electronics Price Performance

Shares of LON:TTG opened at GBX 111.19 on Thursday. The company has a current ratio of 1.71, a quick ratio of 0.93 and a debt-to-equity ratio of 70.10. The stock has a market cap of £197.99 million, a PE ratio of -2.96, a price-to-earnings-growth ratio of 0.60 and a beta of 1.99. The stock’s fifty day simple moving average is GBX 117.75 and its two-hundred day simple moving average is GBX 117.92. TT Electronics has a 1-year low of GBX 61.90 and a 1-year high of GBX 154.80.

TT Electronics (LON:TTG) last posted its earnings results on Wednesday, March 25th. The company reported GBX 6.90 earnings per share (EPS) for the quarter. TT Electronics had a negative net margin of 10.51% and a negative return on equity of 31.21%. As a group, analysts forecast that TT Electronics will post 16.7485822 EPS for the current fiscal year.

Insider Transactions at TT Electronics

In other TT Electronics news, insider Warren Tucker sold 48,445 shares of the company’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of GBX 109, for a total value of £52,805.05. 8.76% of the stock is owned by company insiders.

About TT Electronics

TT Electronics is a global provider of engineered electronics for performance critical applications.
TT engineers and manufactures electronic solutions enabling a safer, healthier and more sustainable world. TT benefits from enduring megatrends in structurally high-growth markets including healthcare, aerospace, defence, automation and electrification. TT invests in R&D to create designed-in products where reliability is mission critical. Products designed and manufactured include sensors, power management and connectivity solutions.