The Beauty Tech Group (LON:TBTG – Get Free Report) had its price target lifted by equities researchers at Berenberg Bank from GBX 500 to GBX 550 in a report issued on Tuesday,Digital Look reports. The brokerage presently has a “buy” rating on the beauty technology company ‘s stock. Berenberg Bank’s target price would indicate a potential upside of 53.63% from the company’s current price.
The Beauty Tech Group Trading Up 7.5%
Shares of TBTG opened at GBX 358 on Tuesday. The Beauty Tech Group has a 12 month low of GBX 213 and a 12 month high of GBX 370. The firm’s 50 day moving average is GBX 332.74 and its 200-day moving average is GBX 306.60. The stock has a market capitalization of £380.20 million and a PE ratio of 32.55.
The Beauty Tech Group (LON:TBTG – Get Free Report) last issued its quarterly earnings results on Thursday, April 16th. The beauty technology company reported GBX 11 earnings per share (EPS) for the quarter. The company had revenue of £140.96 million during 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.
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