Rating Change: Analysts at Canaccord Genuity Maintain their Buy rating for TT Electronics PLC (LON:TTG) with GBX 180.00 Target Price

November 24, 2016 - By Peter Kolinski

TT Electronics PLC (LON:TTG) Rating

Equity research analysts at Canaccord Genuity have GBX 180.00 price target on TT Electronics PLC (LON:TTG). Canaccord Genuity’s price target would indicate a potential upside of 31.50% from the company’s last price. The rating was revealed to clients and investors in a report on Thursday, 24 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 185 is the highest target while GBX 130 is the lowest. The GBX 167.14 average target is 22.90% above today’s (GBX 136) stock price. TT Electronics PLC has been the topic of 28 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The stock of TT Electronics plc (LON:TTG) earned “Reduce” rating by Peel Hunt on Monday, January 18. The firm earned “Buy” rating on Tuesday, November 17 by Numis Securities. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, November 17 report. The stock of TT Electronics plc (LON:TTG) has “Buy” rating given on Wednesday, August 24 by Canaccord Genuity. Jefferies maintained it with “Buy” rating and GBX 170 target price in Friday, March 11 report. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, November 19. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, October 20 report. On Thursday, August 20 the stock rating was maintained by Numis Securities with “Add”. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, August 20 report. The stock of TT Electronics plc (LON:TTG) earned “Buy” rating by Numis Securities on Thursday, November 17.

About 6,024 shares traded hands. TT Electronics plc (LON:TTG) has declined 15.23% since April 26, 2016 and is downtrending. It has underperformed by 20.64% the S&P500.

TT Electronics plc is a provider of engineered electronics for various applications. The company has a market cap of 221.86 million GBP. The Company’s divisions include Transportation Sensing and Control, Industrial Sensing and Control, Advanced Components and Integrated Manufacturing Services . It has a 21.41 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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