Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTt Electronics Share News (TTG)

Share Price Information for Tt Electronics (TTG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 152.50
Bid: 152.00
Ask: 153.00
Change: 3.00 (2.01%)
Spread: 1.00 (0.658%)
Open: 150.00
High: 152.50
Low: 150.00
Prev. Close: 149.50
TTG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Broker tips: TT Electronics, Lloyd's insurers, Made.com

Mon, 09th Aug 2021 13:57

(Sharecast News) - Berenberg sounded an upbeat note on TT Electronics, pointing to solid sales growth as evidence that the company's shift towards secular growth markets over the preceding years was now bearing fruit.


"Most encouraging" was that expected 2021 sales were no fully covered by the order book, together with "good visibility" of 25.0-30.0% on 2021.

"As a result, it is perhaps unsurprising that TT's management team noted that the business opportunity pipeline is as buoyant as they have ever seen it."

They also argued that the company's margins were also trending towards record highs of 10.0%-plus alongside and free cash generation was poised to inflect.

One-off start up costs for Virolens had subtracted 130 basis points from TT's operating margins for the first half of 2021, they added.

Self-help savings of £3.0m were also still to be had and some price increases had still to go through in the second half.

That was on top of the benefits that were yet to come of the company's increased operational gearing.

Berenberg also pointed out that its free cash flow estimates could prove "conservative" if a buyout of TT's fully-funded pensions materialised in the next couple of year.

The analysts also raised their target price on the shares from 290.0p to 320.0p.



Analysts at JP Morgan reiterated their 'overweight' stance for shares of Beazley and Hiscox, telling clients that the outlook for all three Lloyd's insurers, which also includes Lancashire Holdings, was better than previously guided towards.

That, they argued, should drive a resumption of dividend payouts.

"Looking ahead, we believe that the outlook on growth and pricing momentum are the key re-rating drivers for the sub-sector, which are both tracking well, followed by resumption of dividends at full year results. Within the Lloyd's sub-sector, we prefer Beazley (OW) and Hiscox (OW)."

The positive momentum seen at the insurers over the first half of the year was expected to extend into the back half of 2021, on top of the ongoing growth in premiums.

Indeed, the insurers had suggested that pricing improvements might stretch into 2022 - a key positive for the sub-sector.

In the case of Hiscox specifically, JP Morgan believed the recovery might prove faster, allowing its Retail unit to hit its combined operating ratio target a year earlier.

JP Morgan also lifted its target price for Hiscox from 1,016.0p to 1,155.0p and that for 'neutral' rated Lancashire Holdings from 613.0p to 662.0p.



Analysts at Liberum initiated their coverage of online furniture retailer Made.com at 'buy', highlighting to clients the company's multiple attractions and disruptive business model.

For starters, they held that the firm was disrupting a £94.0bn market that was on the cusp of online adoption.

Its vertically-integrated model also had "strong" competitive moats, including its focus on design and proprietary technology.

"MADE is about curation and inspiration and its design-led focus differentiates it from the wider market," they said.

"Operating a just-in time inventory model that, backed by MADE's proprietary technology, de-risks the model while maximising working capital and marketing efficiency underpins an attractive financial profile."

Among some of the other strategic planks that the analysts should drive a re-rating of the shares was the expansion of its homeware range and rollout of its high-margin curated marketplace.

Liberum set a target price of 250.0p for an estimated 2022 EV/sales valuation multiple of 1.7.

More News
13 Apr 2023 09:05

LONDON MARKET OPEN: Stocks edge up; housebuilders lead gains

(Alliance News) - Stock prices in London edged into the green on Thursday's open, as investors digested last night's minutes from the Federal Reserve, and the latest UK gross domestic product print.

Read more
8 Mar 2023 13:25

TT Electronics confident in meeting 2023 goals despite loss in 2022

(Alliance News) - TT Electronics PLC said on Wednesday its revenue had gone up despite experiencing a loss in 2022.

Read more
8 Mar 2023 10:05

SMALL-CAP WINNERS & LOSERS: Restaurant Group down as loss widens

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

Read more
8 Mar 2023 07:15

TT Electronics full year ahead of expectations

(Sharecast News) - TT Electronics said on Wednesday that its 2022 performance had been ahead of expectations as it hailed a record order intake.

Read more
1 Mar 2023 15:57

UK earnings, trading statements calendar - next 7 days

Thursday 2 March 
Alfa Financial Software Holdings PLCFull Year Results
Apax Global Alpha LtdFull Year Results
Beazley PLCFull Year Results
Brooks Macdonald Group PLCHalf Year Results
Cairn Homes PLCFull Year Results
Capita PLCFull Year Results
Capital & Regional PLCFull Year Results
Coats Group PLCFull Year Results
CRH PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Funding Circle Holdings PLCFull Year Results
Grafton Group PLCFull Year Results
Haleon PLCFull Year Results
Hunting PLCFull Year Results
ITV PLCFull Year Results
London Stock Exchange Group PLCFull Year Results
Melrose Industries PLCFull Year Results
Metro Bank PLCFull Year Results
National Express Group PLCFull Year Results
Pantheon Infrastructure PLCFull Year Results
PPHE Hotel Group LtdFull Year Results
Schroder AsiaPacific Fund PLCFull Year Results
Schroders PLCFull Year Results
Spire Healthcare Group PLCFull Year Results
Taylor Wimpey PLCFull Year Results
Tritax Big Box REIT PLCFull Year Results
Tyman PLCFull Year Results
Vesuvius PLCFull Year Results
Friday 3 March 
Avation PLCHalf Year Results
Faron Pharmaceuticals LtdFull Year Results
IMI PLCFull Year Results
Pacific Horizon Investment Trust PLCHalf Year Results
Pearson PLCFull Year Results
Rightmove PLCFull Year Results
Monday 6 March 
Amte Power PLCHalf Year Results
BATM Advanced Communications LtdFull Year Results
Craneware PLCHalf Year Results
Murray International Trust PLCFull Year Results (TBC)
Seeing Machines LtdHalf Year Results
Tuesday 7 March 
Ashtead Group PLCQ3 Results
Bank of Ireland Group PLCFull Year Results
Dotdigital Group PLCHalf Year Results
Elementis PLCFull Year Results
Ferguson PLC Half Year Results
Foxtons Group PLCFull Year Results
Fresnillo PLCFull Year Results
Greggs PLCFull Year Results
IWG PLCFull Year Results
Johnson Service Group PLCFull Year Results
Just Group PLCFull Year Results
Keller Group PLCFull Year Results
Origin Enterprises PLCHalf Year Results
Reach PLCFull Year Results
Revolution Bars Group PLCHalf Year Results
STV Group PLCFull Year Results
Tremor International LtdFull Year Results
Wednesday 8 March 
Admiral Group PLCFull Year Results
Bakkavor Group PLCFull Year Results
Breedon Group PLCFull Year Results
CLS Holdings PLCFull Year Results
Darktrace PLCHalf Year Results
Galliford Try Holdings PLCHalf Year Results
Headlam Group PLCFull Year Results
Hill & Smith PLCFull Year Results
Hiscox LtdFull Year Results
Ibstock PLCFull Year Results
IP Group PLCFull Year Results
Legal & General Group PLCFull Year Results
musicMagpie PLCFull Year Results
Netcall PLCHalf Year Results
Quilter PLCFull Year Results
Restaurant Group PLCFull Year Results
SIG PLCFull Year Results
Somero Enterprises IncFull Year Results
Spirent Communications PLCFull Year Results
TClarke PLCFull Year Results
TT Electronics PLCFull Year Results
Tullow Oil PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
23 Feb 2023 14:40

TRADING UPDATES: TT Electronics says annual profit to top market view

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
23 Feb 2023 13:31

TT Electronics upgrades FY profit expectations, shares rally

(Sharecast News) - TT Electronics rallied on Thursday as it upgraded full-year profit expectations after its global manufacturing solutions (GMS) business outperformed.

Read more
23 Feb 2023 12:00

LONDON MARKET MIDDAY: FTSE 100 underperforms as rate worries weigh

(Alliance News) - Stock prices in London were largely higher at midday on Thursday, though the FTSE 100 was in the red as the more globally-focused index lamented interest rates in the US will likely keep pushing higher.

Read more
23 Feb 2023 10:37

SMALL-CAP WINNERS & LOSERS: TT Electronics boasts double-digit growth

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

Read more
21 Feb 2023 10:17

LONDON BROKER RATINGS: BoA cuts DS Smith; Jefferies likes JTC

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
8 Dec 2022 09:48

LONDON BROKER RATINGS: JPMorgan cuts Travis Perkins; BofA likes IAG

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
21 Nov 2022 17:12

LONDON MARKET CLOSE: FTSE 100 in the red amid China's Covid surge

(Alliance News) - Stocks in London were mixed at the close on Monday, as a rise in Covid-19 infections in China weighed on investor sentiment.

Read more
21 Nov 2022 14:21

Numis and RBC sound a positive note on TT Electronics after latest update

(Sharecast News) - Analysts at RBC Capital revised their target price for shares of TT Electronics lower on the back of the electronic component manufacturer's latest update.

Read more
21 Nov 2022 12:01

TT Electronics completes pension scheme buy-in for GBP6 million cash

(Alliance News) - TT Electronics PLC on Monday said it completed a buy-in of all its UK benefit pension liabilities for a cash benefit of GBP6 million.

Read more
21 Nov 2022 10:54

TT Electronics de-risks pension scheme, shares spark

(Sharecast News) - TT Electronics has completed a buy-in of all its UK defined benefit pension liabilities, the components manufacturer confirmed on Monday, sending its shares higher.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.