TT Electronics (LON:TTG)‘s stock had its “buy” rating reiterated by investment analysts at Peel Hunt in a note issued to investors on Monday.
A number of other analysts have also weighed in on TTG. Liberum Capital restated a “buy” rating and set a GBX 240 ($3.37) target price on shares of TT Electronics in a report on Friday, January 12th. Numis Securities restated a “buy” rating and set a GBX 260 ($3.65) target price on shares of TT Electronics in a report on Wednesday, February 14th. Jefferies Group upped their target price on TT Electronics from GBX 200 ($2.81) to GBX 255 ($3.58) and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, Berenberg Bank upped their target price on TT Electronics from GBX 245 ($3.44) to GBX 265 ($3.72) and gave the stock a “buy” rating in a report on Monday, March 12th. Six analysts have rated the stock with a buy rating, TT Electronics has an average rating of “Buy” and an average target price of GBX 258.83 ($3.63).
TT Electronics stock opened at GBX 209.01 ($2.93) on Monday. TT Electronics has a twelve month low of GBX 170 ($2.39) and a twelve month high of GBX 245 ($3.44).
TT Electronics (LON:TTG) last posted its earnings results on Thursday, March 8th. The company reported GBX 10.90 ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 9.80 ($0.14) by GBX 1.10 ($0.02). The company had revenue of £360 million during the quarter. TT Electronics had a return on equity of 3.34% and a net margin of 2.17%.
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TT Electronics Company Profile
TT Electronics plc provides engineered electronics for performance critical applications worldwide. It operates in four segments: Transportation Sensing and Control, Industrial Sensing and Control, Advanced Components, and Integrated Manufacturing Services. The Transportation Sensing and Control segment develops sensors and control solutions, including gear position and pedal sensors, and fluid and emission sensors for automotive original equipment manufacturers and suppliers, including powertrain suppliers of automotive, such as passenger cars and trucks.
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