Mark Hoad Sells 7,408 Shares of TT Electronics plc (LON:TTG) Stock

TT Electronics plc (LON:TTG – Get Rating) insider Mark Hoad sold 7,408 shares of TT Electronics stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of GBX 178 ($2.17), for a total value of £13,186.24 ($16,070.98).

TT Electronics Stock Performance

Shares of TT Electronics stock opened at GBX 182.60 ($2.23) on Friday. TT Electronics plc has a 52 week low of GBX 123.40 ($1.50) and a 52 week high of GBX 220 ($2.68). The company has a quick ratio of 0.93, a current ratio of 1.91 and a debt-to-equity ratio of 68.49. The stock’s fifty day moving average is GBX 184.93 and its two-hundred day moving average is GBX 165.14. The company has a market capitalization of £322.34 million, a PE ratio of -2,608.57, a price-to-earnings-growth ratio of 0.60 and a beta of 1.07.

TT Electronics Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 26th. Investors of record on Thursday, April 27th will be given a dividend of GBX 4.30 ($0.05) per share. The ex-dividend date is Thursday, April 27th. This represents a yield of 2.17%. This is an increase from TT Electronics’s previous dividend of $2.00. TT Electronics’s dividend payout ratio (DPR) is presently -8,571.43%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TTG. Berenberg Bank restated a “buy” rating and set a GBX 260 ($3.17) price target on shares of TT Electronics in a research note on Friday, March 10th. Peel Hunt reaffirmed an “add” rating and set a GBX 225 ($2.74) price objective on shares of TT Electronics in a research report on Wednesday, March 8th. Finally, Royal Bank of Canada lowered their price target on TT Electronics from GBX 275 ($3.35) to GBX 250 ($3.05) and set an “outperform” rating on the stock in a report on Monday, November 21st.

About TT Electronics

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TT Electronics plc provides engineered electronics for performance critical applications in the automation and electrification, healthcare, and aerospace and defense markets worldwide. The company operates through three divisions: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components.