Jefferies Financial Group Reiterates “Hold” Rating for TT Electronics (LON:TTG)

Jefferies Financial Group restated their hold rating on shares of TT Electronics (LON:TTG) in a research report sent to investors on Friday, MarketBeat.com reports. Jefferies Financial Group currently has a GBX 165 ($2.05) target price on the stock.

Several other brokerages have also recently issued reports on TTG. Numis Securities reissued a buy rating and set a GBX 260 ($3.24) target price on shares of TT Electronics in a report on Friday, March 8th. Berenberg Bank reissued a buy rating and set a GBX 260 ($3.24) target price on shares of TT Electronics in a report on Monday, March 11th.

TT Electronics Trading Up 2.6 %

Shares of TT Electronics stock opened at GBX 159.50 ($1.99) on Friday. The company has a debt-to-equity ratio of 74.42, a current ratio of 2.06 and a quick ratio of 0.93. The firm has a fifty day moving average price of GBX 151.93 and a 200 day moving average price of GBX 155.42. TT Electronics has a 1 year low of GBX 133.60 ($1.66) and a 1 year high of GBX 189.80 ($2.36). The stock has a market cap of £283.05 million, a PE ratio of -5,316.67, a price-to-earnings-growth ratio of 0.60 and a beta of 0.91.

TT Electronics Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be paid a dividend of GBX 4.65 ($0.06) per share. This represents a yield of 3.33%. The ex-dividend date of this dividend is Thursday, April 11th. This is a boost from TT Electronics’s previous dividend of $2.15. TT Electronics’s dividend payout ratio is currently -23,333.33%.

Insider Activity at TT Electronics

In related news, insider Mark Hoad sold 21,639 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of GBX 153 ($1.90), for a total transaction of £33,107.67 ($41,214.58). 7.42% of the stock is owned by corporate insiders.

TT Electronics Company Profile

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.