Today’s Rating Change: TT Electronics PLC (LON:TTG) “Buy” Rating Reaffirmed at Canaccord Genuity; The TP is Set to GBX 180.00

November 23, 2016 - By Richard Conner

TT Electronics PLC (LON:TTG) Rating

Canaccord Genuity have a GBX 180.00 target on the stock. The target would indicate a potential upside of 31.87% from TT Electronics PLC (LON:TTG)‘s current price. This rating was revealed to clients and investors in a research report on Wednesday, 23 November.

TT Electronics plc (LON:TTG) Ratings Coverage

Out of 7 analysts covering TT Electronics PLC (LON:TTG), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. GBX 180 is the highest target while GBX 130 is the lowest. The GBX 166.43 average target is 21.93% above today’s (GBX 136.5) stock price. TT Electronics PLC has been the topic of 26 analyst reports since August 20, 2015 according to StockzIntelligence Inc. Numis Securities maintained the shares of TTG in a report on Thursday, March 17 with “Add” rating. The rating was maintained by Liberum Capital with “Hold” on Thursday, March 10. As per Friday, November 27, the company rating was downgraded by Peel Hunt. The company was maintained on Thursday, February 11 by Investec. Numis Securities upgraded it to “Buy” rating and GBX 170 target price in Wednesday, May 11 report. Canaccord Genuity maintained TT Electronics plc (LON:TTG) rating on Tuesday, November 17. Canaccord Genuity has “Buy” rating and GBX 165 price target. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, November 19 report. The firm has “Buy” rating given on Thursday, November 17 by Numis Securities. The stock of TT Electronics plc (LON:TTG) has “Buy” rating given on Wednesday, March 30 by Jefferies. Canaccord Genuity maintained the shares of TTG in a report on Tuesday, October 6 with “Buy” rating.

About 36,525 shares traded hands. TT Electronics plc (LON:TTG) has declined 15.76% since April 25, 2016 and is downtrending. It has underperformed by 21.09% the S&P500.

TT Electronics plc is a provider of engineered electronics for various applications. The company has a market cap of 222.68 million GBP. The Company’s divisions include Transportation Sensing and Control, Industrial Sensing and Control, Advanced Components and Integrated Manufacturing Services . It has a 21.49 P/E ratio. The Transportation Sensing and Control segment develops sensors and control solutions for automotive original equipment manufacturers and tier one suppliers, including powertrain providers for passenger cars and trucks.

Another recent and important TT Electronics plc (LON:TTG) news was published by Fool.Co.Uk which published an article titled: “Why TT Electronics plc Crashed By 30% Today” on November 04, 2014.

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