The Beauty Tech Group (LON:TBTG) Reaches New 52-Week High – Should You Buy?

Shares of The Beauty Tech Group (LON:TBTG) reached a new 52-week high on Tuesday. The stock traded as high as GBX 491 and last traded at GBX 491, with a volume of 143,350 shares. The stock had previously closed at GBX 486.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Canaccord Genuity Group boosted their price objective on The Beauty Tech Group from GBX 545 to GBX 600 and gave the company a “buy” rating in a research note on Tuesday, September 22nd. Berenberg Bank upped their price objective on shares of The Beauty Tech Group from GBX 550 to GBX 600 and gave the company a “buy” rating in a report on Thursday, September 17th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 600.

The Beauty Tech Group Price Performance

The stock has a market capitalization of £516.14 million and a P/E ratio of 26.27. The stock has a fifty day moving average price of GBX 413.50 and a 200 day moving average price of GBX 342.22.

The Beauty Tech Group (LON:TBTG) last released its quarterly earnings data on Thursday, September 17th. The beauty technology company reported GBX 11.80 earnings per share (EPS) for the quarter.

About The Beauty Tech Group

The Beauty Tech Group is a UK-headquartered beauty technology company focused on developing, marketing and selling clinically backed at-home beauty devices and related skincare products. The group operates a portfolio of category-leading brands, including CurrentBody Skin, ZIIP Beauty and Tria Laser, and offers products built around core aesthetic technologies used in professional settings, including LED light therapy, radio frequency, microcurrent and laser treatments.