Latest news with #TTElectronics
Business Insider
05-07-2025
- Business
- Business Insider
RBC Capital Sticks to Its Hold Rating for TT Electronics (TTG)
RBC Capital analyst Mark Fielding maintained a Hold rating on TT Electronics yesterday and set a price target of p120.00. The company's shares closed yesterday at p112.80. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Fielding is a 5-star analyst with an average return of 10.3% and a 65.49% success rate. Fielding covers the Industrials sector, focusing on stocks such as Siemens, Melrose, and Smiths Group plc. In addition to RBC Capital, TT Electronics also received a Hold from Barclays's Jonathan Hurn in a report issued on July 1. However, on June 21, Deutsche Bank maintained a Buy rating on TT Electronics (LSE: TTG).
Daily Mail
30-06-2025
- Business
- Daily Mail
TT Electronics sales fall as clients deferring orders after new US tariffs
Components manufacturer TT Electronics has seen sales slip in response to uncertainty over recently imposed US tariffs. The Woking-based firm's organic revenue shrank by 5.5 per cent in the five months ending May, with a 'strong performance' in Europe outweighed by headwinds in Asia and North America. Yet its book-to-bill ratio - a measure of orders received compared to units shipped and billed - totalled 101 per cent thanks to demand from the aerospace and defence industry in Europe. Any number above 100 means more orders are received than filled, indicating high demand. NATO members in Europe have vowed to increase military expenditure in the coming years amidst pressure from the United States, the Ukraine war, and China threatening to invade Taiwan. TT's defence industry customers have included BAE Systems and French firm Thales, which are set to be major beneficiaries of the surge in spending. Eric Lakin, acting chief executive of TT, said: 'We remain resolutely focused on operational delivery of customer contracts, building the order book, continuous efficiency actions, and driving overall performance across the business to maximise shareholder value.' Lakin was TT's chief financial officer until he took over as CEO from Peter France in April, when the latter quit after just 18 months in charge. At the same time, TT warned that uncertainty resulting from US President Donald Trump's tariffs would dampen its profits this year. Trump has imposed a baseline 10 per cent levy on most US goods imports, as well as a 25 per cent tariff on many cars and vehicle parts, and a 30 per cent tax on Chinese-made products. The tariffs have heightened economic volatility worldwide, leaving many UK manufacturers heavily reliant on US sales seriously worried about their future. TT told investors on Monday that some Asian clients had deferred US orders because of tariff-related uncertainty. 'The Aerospace and Defence sector remains strong in the current climate, it added. 'Elsewhere, the Board remains mindful of the uncertainty created by the continued challenging market backdrop.' TT also announced the closure of its site in Plano, Texas, which recorded a £5.7million operating loss last year, following a strategic review of its components business. Begun in 1867 as Tyzack Sons & Turner, TT Electronics makes components for a wide variety of sectors, including defence, aerospace, and healthcare. TT Electronics shares were 1.1 per cent down at 110p on late Monday afternoon, taking their losses over the past year to around a quarter.
Bloomberg
30-06-2025
- Business
- Bloomberg
FTSE 100 Live: Pound Rises After Best Week Since March
Here's a few other stocks we'll have an eye on in London this morning: Hikma: The generic drugmaker is to invest $1 billion to expand manufacturing for its US business. Chemring: The defence contractor has agreed to buy Hampshire-based radio systems firm Landguard for £20 million. TT Electronics: The high-tech components maker said revenue has fallen in the first five months of the year and expects to update on a CEO appointment in the second half.
Business Insider
21-06-2025
- Business
- Business Insider
Deutsche Bank Sticks to Its Buy Rating for TT Electronics (TTG)
Deutsche Bank analyst Richard Paige maintained a Buy rating on TT Electronics (TTG – Research Report) today and set a price target of £1.30. The company's shares closed yesterday at p103.80. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Paige is a 3-star analyst with an average return of 1.9% and a 53.45% success rate. Paige covers the Industrials sector, focusing on stocks such as Halma plc, Morgan Advanced Materials, and Senior plc. TT Electronics has an analyst consensus of Hold, with a price target consensus of p84.00.
Daily Mail
05-05-2025
- Business
- Daily Mail
Half of all profit warnings by UK-listed firms now linked to tariffs and global trade disruption
Half of the profit warnings issued last month by UK-listed firms cited tariffs and the impact of global trade disruption. Analysis from accountancy giant EY shows there were 26 warnings in April, up from 21 in the same month last year. Of the 26, 13 cited tariffs. On average, the profit warnings – when companies disclose to investors that they expect profits to fall short of expectations – caused the affected company's share price to fall by 19 per cent on the day. In the first quarter of the year, 62 profit warnings were issued. That number was 11 per cent lower than the same period in 2024 but came before Donald Trump's so-called Liberation Day tariffs were announced at the start of April. UK-listed companies that have issued profit warnings in relation to tariffs in recent weeks include manufacturer TT Electronics and ship broking giant Clarkson. Others, including Peppa Pig toy maker Character Group, have withdrawn profit guidance amid the uncertainty.
