HSBC Boosts TT Electronics (LON:TTG) Price Target to GBX 330
TT Electronics (LON:TTG) had its price target upped by HSBC from GBX 295 ($3.85) to GBX 330 ($4.31) in a research report report published on Thursday, ThisIsMoney.Co.Uk reports. HSBC currently has a buy rating on the stock.
A number of other equities research analysts have also recently issued reports on the company. Peel Hunt reiterated a buy rating on shares of TT Electronics in a research note on Wednesday, August 7th. Numis Securities restated a buy rating on shares of TT Electronics in a research note on Monday, June 3rd. Jefferies Financial Group restated a buy rating on shares of TT Electronics in a research note on Wednesday, July 24th. Finally, Berenberg Bank restated a buy rating and set a GBX 270 ($3.53) price objective on shares of TT Electronics in a research note on Monday, August 12th. Five analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and a consensus target price of GBX 295 ($3.85).
TTG stock opened at GBX 229 ($2.99) on Thursday. The company has a debt-to-equity ratio of 48.87, a quick ratio of 1.19 and a current ratio of 2.05. The stock has a market capitalization of $376.04 million and a price-to-earnings ratio of 30.53. TT Electronics has a 1 year low of GBX 176 ($2.30) and a 1 year high of GBX 282 ($3.68). The stock’s fifty day moving average is GBX 226.39 and its two-hundred day moving average is GBX 226.69.
The business also recently disclosed a dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, September 26th will be paid a dividend of GBX 2.10 ($0.03) per share. This represents a dividend yield of 0.96%. The ex-dividend date is Thursday, September 26th. TT Electronics’s dividend payout ratio is currently 0.93%.
In related news, insider Anne Thorburn acquired 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were acquired at an average cost of GBX 238 ($3.11) per share, for a total transaction of £107,100 ($139,945.12).
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.
Read More: Why are percentage decliners important?
Receive News & Ratings for TT Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TT Electronics and related companies with MarketBeat.com's FREE daily email newsletter.