Numis Securities Reaffirms Buy Rating for TT Electronics (LON:TTG)

TT Electronics (LON:TTG)‘s stock had its “buy” rating reissued by Numis Securities in a report released on Monday, November 20th. They presently have a GBX 260 ($3.50) price target on the stock. Numis Securities’ target price suggests a potential upside of 17.51% from the stock’s previous close.

Several other brokerages have also issued reports on TTG. Peel Hunt increased their price objective on TT Electronics from GBX 225 ($3.03) to GBX 275 ($3.70) and gave the stock a “buy” rating in a report on Wednesday, September 6th. Investec restated a “buy” rating and set a GBX 258 ($3.47) target price on shares of TT Electronics in a report on Tuesday, August 22nd. Berenberg Bank reiterated a “buy” rating and issued a GBX 245 ($3.30) price objective on shares of TT Electronics in a research note on Monday, August 14th. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 240 ($3.23) price objective on shares of TT Electronics in a research note on Monday, November 20th. Six investment analysts have rated the stock with a buy rating, TT Electronics currently has an average rating of “Buy” and a consensus target price of GBX 246.33 ($3.32).

Shares of TT Electronics (LON:TTG) traded down GBX 3.75 ($0.05) during trading on Monday, hitting GBX 221.25 ($2.98). The stock had a trading volume of 45,913 shares, compared to its average volume of 175,430. TT Electronics has a 1-year low of GBX 136 ($1.83) and a 1-year high of GBX 245 ($3.30).

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TT Electronics Company Profile

TT Electronics plc is a global provider of engineered electronics for performance critical applications. The Company’s divisions include Advanced Components and Integrated Manufacturing Services (IMS). The Advanced Components division creates engineered electronic components for circuit protection, power management and signal conditioning.

Analyst Recommendations for TT Electronics (LON:TTG)

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