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.
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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