TT Electronics (LON:TTG) had its price target reduced by Peel Hunt from GBX 295 ($3.85) to GBX 250 ($3.27) in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s price target points to a potential upside of 30.21% from the stock’s previous close.
Separately, Berenberg Bank reissued a “buy” rating on shares of TT Electronics in a report on Wednesday, November 21st. Five investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of GBX 271 ($3.54).
Shares of TTG stock opened at GBX 192 ($2.51) on Monday. TT Electronics has a 12-month low of GBX 170 ($2.22) and a 12-month high of GBX 245 ($3.20).
In other TT Electronics news, insider Michael Baunton CBE acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 3rd. The stock was acquired at an average cost of GBX 198 ($2.59) per share, with a total value of £9,900 ($12,936.10).
TT Electronics Company Profile
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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