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.

TT Electronics (LON:TTG) last posted its earnings results on Wednesday, August 7th. The company reported GBX 8.80 ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 7.90 ($0.10) by GBX 0.90 ($0.01). As a group, analysts predict that TT Electronics will post 1445.9999755 EPS for the current fiscal year.

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.

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Analyst Recommendations for TT Electronics (LON:TTG)

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