The Beauty Tech Group (LON:TBTG) Hits New 12-Month High – Time to Buy?

The Beauty Tech Group (LON:TBTG) hit a new 52-week high during trading on Tuesday. The company traded as high as GBX 544 and last traded at GBX 529.44, with a volume of 48,148 shares trading hands. The stock had previously closed at GBX 530.

Wall Street Analysts Forecast Growth

TBTG has been the subject of a number of recent analyst reports. Berenberg Bank upped their target price on The Beauty Tech Group from GBX 550 to GBX 600 and gave the company a “buy” rating in a report on Thursday, September 17th. Canaccord Genuity Group upped their price target on The Beauty Tech Group from GBX 545 to GBX 600 and gave the stock a “buy” rating in a research note on Tuesday, September 22nd. Two analysts have rated the stock with a Buy rating. According to MarketBeat, The Beauty Tech Group has a consensus rating of “Buy” and an average target price of GBX 600.

The Beauty Tech Group Price Performance

The business’s 50 day moving average price is GBX 440.24 and its 200 day moving average price is GBX 350.18. The stock has a market capitalization of £556.50 million and a P/E ratio of 28.54.

The Beauty Tech Group (LON:TBTG) last posted 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.