TT Electronics plc (TTG) Receives Consensus Rating of “Buy” from Brokerages

TT Electronics plc (LON:TTG) has earned a consensus recommendation of “Buy” from the six brokerages that are covering the stock, reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 277 ($3.62).

TTG has been the topic of several recent research reports. Numis Securities restated a “buy” rating and issued a GBX 300 ($3.92) price target on shares of TT Electronics in a research note on Wednesday, March 6th. Berenberg Bank restated a “buy” rating on shares of TT Electronics in a research note on Wednesday, November 21st. Peel Hunt restated a “buy” rating and issued a GBX 250 ($3.27) price target on shares of TT Electronics in a research note on Wednesday, March 6th. Finally, HSBC initiated coverage on TT Electronics in a research note on Tuesday, February 12th. They issued a “buy” rating and a GBX 265 ($3.46) price target on the stock.

In other TT Electronics news, insider Michael Baunton CBE bought 5,000 shares of the business’s stock in a transaction on Thursday, January 3rd. The shares were acquired at an average cost of GBX 198 ($2.59) per share, for a total transaction of £9,900 ($12,936.10).

Shares of TT Electronics stock traded down GBX 4.50 ($0.06) during midday trading on Friday, hitting GBX 212 ($2.77). The company had a trading volume of 60,224 shares, compared to its average volume of 142,856. The company has a quick ratio of 1.02, a current ratio of 1.85 and a debt-to-equity ratio of 29.45. The company has a market capitalization of $342.25 million and a P/E ratio of 26.50. TT Electronics has a 52-week low of GBX 176 ($2.30) and a 52-week high of GBX 282 ($3.68).

The firm also recently announced a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, April 25th will be paid a dividend of GBX 4.55 ($0.06) per share. This represents a yield of 2.25%. This is an increase from TT Electronics’s previous dividend of $1.95. The ex-dividend date is Thursday, April 25th. TT Electronics’s dividend payout ratio (DPR) is currently 0.75%.

About TT Electronics

TT Electronics plc provides engineered electronics for performance critical applications worldwide. The company operates in industries where there are structural growth drivers, working with customers in industrial, medical, aerospace and defense, and transportation sectors. It designs and manufactures various products, including sensors, power management devices, and connectivity solutions.

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Analyst Recommendations for TT Electronics (LON:TTG)

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