The share price of TT Electronics plc (LON: TTG) has been on a roller coaster ride in recent years. After hitting an all-time high of 685p in April 2015, the stock crashed to a low of 210p just 18 months later. However, it has since recovered and is currently trading at around 370p.
Despite this volatile share price performance, TT Electronics remains a profitable business with a strong balance sheet. In the six months to June 30th 2018, the company reported revenue of £334 million and underlying profit before tax of £16 million.
The share price of TT Electronics plc (LSE: TTG) was trading at GBX 57.50 on Friday, up 1.59 percent from the previous close of GBX 56.60. The company’s market capitalization was at GBP 646.84 million.
TT Electronics is a global provider of engineered electronics for performance-critical applications.
The company serves customers in the industrial, medical, aerospace & defence, and transportation markets worldwide.
The company’s stock has been on a roll this year, gaining over 50 percent so far in 2017. On Thursday, TT Electronics had announced that it has acquired Abaco Systems Inc., a leading designer and manufacturer of embedded computing solutions for demanding military and aerospace applications, for an enterprise value of $140 million from Veritas Capital Fund Management LLC and other shareholders.
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Tt Electronics Share Price Forecast
The share price of TT Electronics plc (LON: TTG) is forecast to fall by over 10% in the next 12 months, according to a new report from investment bank Liberum.
In a note to clients, analyst Richard Knights said that while the company’s recent trading update was positive, it did not change his view that the shares are “overvalued”.
“We believe that the shares are now around 15% above our sum-of-the-parts valuation and downgrading to a Hold,” he said.
Knights added that he expects TT Electronics’ share price to fall to 275p over the next year.
Credit: ukinvestormagazine.co.uk
What is the Share Price of Tt Electronics
Tt Electronics is a publicly traded company on the London Stock Exchange. As of June 10, 2019, the share price was GBP 1.42 per share.
When Did Tt Electronics Go Public
Tt Electronics went public on the London Stock Exchange in June 1997. Prior to this, the company was a private limited company.
How Many Shares Does Tt Electronics Have Outstanding
As of July 2020, Tt Electronics had approximately 140.6 million shares outstanding. The company’s market capitalization was approximately £1.4 billion as of the same date.
Who are the Major Shareholders of Tt Electronics
Tt Electronics is a publicly traded company on the London Stock Exchange. As of June 2020, the major shareholders of Tt Electronics are:
– BlackRock, Inc. (9.96%)
– JPMorgan Asset Management (7.11%)
– Legal & General Investment Management (6.46%)
– The Vanguard Group, Inc. (5.57%)
What is the Market Capitalization of Tt Electronics
The market capitalization of Tt Electronics is $2.4 billion.
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Conclusion
TT Electronics Share Price
The TT electronics share price fell by 3.4% to close at 141p yesterday after the group announced its half-year results for the six months ended 30 September 2018. The fall in share price was despite the group reporting a good set of results with revenue up 8.1% to £206.7m and adjusted operating profit up 16.9% to £24.3m.
The increase in revenue was driven by strong growth in the automotive, aerospace & defence and industrial end markets, which offset a decline in the communications sector.
