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

TT Electronics plc (LON:TTGGet 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

(Get Rating)

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.

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