TT Electronics (TTG) PT Raised to GBX 275

TT Electronics (LON:TTG) had its price objective raised by HSBC from GBX 265 ($3.46) to GBX 275 ($3.59) in a research report issued to clients and investors on Tuesday, April 9th, ThisIsMoney.Co.Uk reports. The firm currently has a “buy” rating on the stock. HSBC’s price objective indicates a potential upside of 9.56% from the company’s previous close.

TTG has been the topic of several other reports. Numis Securities reiterated a “buy” rating and set a GBX 300 ($3.92) price target on shares of TT Electronics in a research note on Wednesday, March 6th. Peel Hunt reiterated a “buy” rating and set a GBX 250 ($3.27) price target on shares of TT Electronics in a research note on Wednesday, March 6th. Finally, Berenberg Bank cut their price target on shares of TT Electronics from GBX 320 ($4.18) to GBX 270 ($3.53) and set a “buy” rating on the stock in a research note on Tuesday, January 29th. Six equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of GBX 279 ($3.65).

TTG stock traded up GBX 7 ($0.09) during midday trading on Tuesday, hitting GBX 251 ($3.28). The company’s stock had a trading volume of 445,900 shares, compared to its average volume of 142,856. TT Electronics has a 52-week low of GBX 176 ($2.30) and a 52-week high of GBX 282 ($3.68). The stock has a market capitalization of $407.33 million and a PE ratio of 31.38. The company has a quick ratio of 0.98, a current ratio of 1.85 and a debt-to-equity ratio of 29.45.

In other news, insider Stephen King bought 23,000 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were acquired at an average price of GBX 221 ($2.89) per share, with a total value of £50,830 ($66,418.40). Also, insider Jack Byron Boyer bought 11,000 shares of the stock in a transaction dated Thursday, March 21st. The stock was purchased at an average cost of GBX 230 ($3.01) per share, for a total transaction of £25,300 ($33,058.93).

About TT Electronics

TT Electronics plc provides engineered electronics for performance critical applications in the industrial, medical, aerospace and defense, and transportation markets worldwide. The company operates in three divisions: Sensors and Specialist Components, Power and Connectivity, and Global Manufacturing Solutions.

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