Berenberg Bank restated their buy rating on shares of TT Electronics (LON:TTG) in a research report released on Monday, Digital Look reports. They currently have a GBX 270 ($3.53) price target on the stock.
TTG has been the topic of several other research reports. Peel Hunt reissued a buy rating on shares of TT Electronics in a research note on Wednesday, August 7th. Numis Securities reaffirmed a buy rating on shares of TT Electronics in a research report on Monday, June 3rd. Finally, Jefferies Financial Group reaffirmed a buy rating on shares of TT Electronics in a research report on Wednesday, July 24th. Five equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and an average target price of GBX 295 ($3.85).
Shares of TT Electronics stock opened at GBX 229 ($2.99) on Monday. The company has a quick ratio of 1.19, a current ratio of 2.05 and a debt-to-equity ratio of 48.87. TT Electronics has a twelve month low of GBX 176 ($2.30) and a twelve month high of GBX 282 ($3.68). The stock has a market cap of $374.40 million and a price-to-earnings ratio of 30.53. The company’s fifty day moving average is GBX 226.49 and its 200 day moving average is GBX 226.68.
TT Electronics (LON:TTG) last issued its quarterly earnings data on Wednesday, August 7th. The company reported GBX 8.80 ($0.11) earnings per share for the quarter, topping the consensus estimate of GBX 7.90 ($0.10) by GBX 0.90 ($0.01). As a group, equities analysts anticipate that TT Electronics will post 1445.9999755 earnings per share for the current fiscal year.
The company also recently declared a dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, September 26th will be given a dividend of GBX 2.10 ($0.03) per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a yield of 0.96%. TT Electronics’s dividend payout ratio (DPR) is currently 0.93%.
In other news, insider Anne Thorburn purchased 45,000 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were acquired at an average price of GBX 238 ($3.11) per share, with a total value of £107,100 ($139,945.12).
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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