TT Electronics (LON:TTG) Trading 10.2% Higher – Time to Buy?

Shares of TT Electronics plc (LON:TTG) rose 10.2% during mid-day trading on Monday . The company traded as high as GBX 136.98 and last traded at GBX 130. Approximately 533,230 shares changed hands during trading, an increase of 22% from the average session volume of 438,622 shares. The stock had previously closed at GBX 118.

Analysts Set New Price Targets

Several research analysts recently commented on TTG shares. Jefferies Financial Group restated a “hold” rating and set a GBX 110 target price on shares of TT Electronics in a report on Friday, May 15th. Berenberg Bank upgraded shares of TT Electronics to a “buy” rating and increased their price target for the company from GBX 120 to GBX 150 in a research note on Monday, April 13th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 127.50.

TT Electronics Stock Up 3.8%

The company has a quick ratio of 0.93, a current ratio of 1.71 and a debt-to-equity ratio of 70.10. The company has a market cap of £227.87 million, a price-to-earnings ratio of -4.48, a P/E/G ratio of 0.60 and a beta of 0.83. The stock has a fifty day moving average price of GBX 117.37 and a two-hundred day moving average price of GBX 117.34.

Insider Buying and Selling

In other TT Electronics news, insider Phil Swash purchased 100,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average cost of GBX 119 per share, with a total value of £119,000. Corporate insiders own 8.80% of the company’s stock.

About TT Electronics

TT Electronics is a global provider of engineered electronics for performance critical applications.
TT engineers and manufactures electronic solutions enabling a safer, healthier and more sustainable world. TT benefits from enduring megatrends in structurally high-growth markets including healthcare, aerospace, defence, automation and electrification. TT invests in R&D to create designed-in products where reliability is mission critical. Products designed and manufactured include sensors, power management and connectivity solutions.