TT Electronics (LON:TTG) Downgraded by Berenberg Bank to Hold

TT Electronics (LON:TTG) was downgraded by equities researchers at Berenberg Bank to a “hold” rating in a report issued on Tuesday, Digital Look reports. They currently have a GBX 100 ($1.32) price target on the stock, down from their prior price target of GBX 260 ($3.43). Berenberg Bank’s target price indicates a potential upside of 11.52% from the stock’s previous close.

TT Electronics Stock Down 7.7 %

Shares of LON:TTG opened at GBX 89.67 ($1.18) on Tuesday. The company has a market capitalization of £158.98 million, a P/E ratio of -1,277.14, a P/E/G ratio of 0.60 and a beta of 0.95. The stock’s fifty day simple moving average is GBX 150.76 and its 200-day simple moving average is GBX 154.76. TT Electronics has a 52-week low of GBX 89.20 ($1.18) and a 52-week high of GBX 184 ($2.43). The company has a quick ratio of 0.93, a current ratio of 2.26 and a debt-to-equity ratio of 71.97.

About TT Electronics

TT Electronics plc provides design-led advanced electronics technologies for performance critical applications in the healthcare, aerospace and defense, and automation and electrification markets in the United Kingdom, Rest of Europe, North America, Asia, and internationally. The company operates through three segments: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components.