TT Electronics (TTG) PT Lowered to GBX 250 at Peel Hunt

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TT Electronics (LON:TTG) had its price objective trimmed by Peel Hunt from GBX 295 ($3.85) to GBX 250 ($3.27) in a research note issued to investors on Monday morning. The firm currently has a buy rating on the stock.

Separately, Berenberg Bank restated a buy rating on shares of TT Electronics in a research note on Wednesday, November 21st. Six investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and an average target price of GBX 270 ($3.53).

Shares of TTG stock opened at GBX 190 ($2.48) on Monday. TT Electronics has a one year low of GBX 170 ($2.22) and a one year high of GBX 245 ($3.20).

In related news, insider Michael Baunton CBE bought 5,000 shares of the company’s stock in a transaction on Thursday, January 3rd. The shares were acquired at an average cost of GBX 198 ($2.59) per share, for a total transaction of £9,900 ($12,936.10).

About TT Electronics

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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