Numis Securities reiterated their buy rating on shares of TT Electronics (LON:TTG) in a report published on Wednesday, ThisIsMoney.Co.Uk reports.
TTG has been the topic of several other reports. Peel Hunt reaffirmed a buy rating and issued a GBX 250 ($3.27) price target on shares of TT Electronics in a research report on Wednesday, March 6th. HSBC started coverage on TT Electronics in a research report on Tuesday, February 12th. They issued a buy rating and a GBX 265 ($3.46) price target on the stock. Finally, Berenberg Bank lowered their price target on TT Electronics from GBX 320 ($4.18) to GBX 270 ($3.53) and set a buy rating on the stock in a research report on Tuesday, January 29th. Six analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and a consensus target price of GBX 279 ($3.65).
Shares of LON:TTG opened at GBX 251 ($3.28) on Wednesday. The stock has a market capitalization of $407.33 million and a PE ratio of 31.38. TT Electronics has a 52-week low of GBX 176 ($2.30) and a 52-week high of GBX 282 ($3.68). The company has a debt-to-equity ratio of 29.45, a quick ratio of 0.98 and a current ratio of 1.85.
In related news, insider Jack Byron Boyer bought 11,000 shares of TT Electronics stock in a transaction that occurred on Thursday, March 21st. The stock was acquired at an average price of GBX 230 ($3.01) per share, for a total transaction of £25,300 ($33,058.93). Also, insider Stephen King bought 23,000 shares of TT Electronics stock in a transaction that occurred on Tuesday, April 2nd. The stock was bought at an average price of GBX 221 ($2.89) per share, with a total value of £50,830 ($66,418.40).
TT Electronics Company Profile
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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