TT Electronics (TTG) Given Average Rating of “Buy” by Brokerages

TT Electronics (LON:TTG) has earned an average rating of “Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 258.83 ($3.58).

TTG has been the subject of a number of analyst reports. Liberum Capital reissued a “buy” rating and issued a GBX 240 ($3.32) price objective on shares of TT Electronics in a report on Friday, January 12th. Numis Securities reissued a “buy” rating and issued a GBX 260 ($3.59) price objective on shares of TT Electronics in a report on Tuesday, December 5th. Berenberg Bank upped their price objective on shares of TT Electronics from GBX 245 ($3.38) to GBX 265 ($3.66) and gave the company a “buy” rating in a report on Monday, March 12th. Peel Hunt reissued a “buy” rating and issued a GBX 275 ($3.80) price objective on shares of TT Electronics in a report on Thursday, March 8th. Finally, Jefferies Group upped their price objective on shares of TT Electronics from GBX 200 ($2.76) to GBX 255 ($3.52) and gave the company a “buy” rating in a report on Thursday, February 22nd.

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Shares of LON TTG remained flat at $GBX 199 ($2.75) during mid-day trading on Friday. TT Electronics has a 52-week low of GBX 170 ($2.35) and a 52-week high of GBX 245 ($3.38).

TT Electronics (LON:TTG) last issued its earnings results on Thursday, March 8th. The company reported GBX 10.90 ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 9.80 ($0.14) by GBX 1.10 ($0.02). TT Electronics had a net margin of 2.17% and a return on equity of 3.34%. The business had revenue of £360 million during the quarter.

The business also recently announced a dividend, which will be paid on Friday, May 18th. Shareholders of record on Thursday, April 26th will be paid a dividend of GBX 4.05 ($0.06) per share. This represents a yield of 1.87%. The ex-dividend date is Thursday, April 26th. This is a positive change from TT Electronics’s previous dividend of $1.75.

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About TT Electronics

TT Electronics plc provides engineered electronics for performance critical applications worldwide. It operates in four segments: Transportation Sensing and Control, Industrial Sensing and Control, Advanced Components, and Integrated Manufacturing Services. The Transportation Sensing and Control segment develops sensors and control solutions, including gear position and pedal sensors, and fluid and emission sensors for automotive original equipment manufacturers and suppliers, including powertrain suppliers of automotive, such as passenger cars and trucks.

Analyst Recommendations for TT Electronics (LON:TTG)

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