HellermannTyton Group (LON:HTY) Receives a Downgrade
Peel Hunt has lowered their stock rating for shares of HellermannTyton Group (LON:HTY) to a “Reduce” in a very recent research note issued to clients and investors on 27 November, and has just set a 12month target PPS at GBX 480.00. This target is 0.99% from HTY’s current share price.
The stock increased 0.17% or GBX 0.8 on November 27, striking GBX 474.8. Approximately 152,456 shares of stock traded hands. Hellermanntyton Group PLC (LON:HTY) has risen 35.77% since May 1, 2015 and is uptrending. It has outperformed by 36.67% the S&P500.
HellermannTyton Group PLC is a global maker and supplier of cable management solutions for fastening, identifying, insulating, protecting, organizing, routing and connecting components. The company has a market cap of 1.02 billion GBP. The Company’s product range covers cable management requirements within the wind turbine, as well as the network infrastructure of the wind farm. It has 26.88 P/E ratio. The Company’s product range includes fixings, such as fasteners, clips and cable ties; network connectivity, including cabling systems, fiber optic jointing organizers and splicing protectors, raceways and test instruments; insulation and protection, including heat shrink shapes and tubing, convoluted tubing, spiral binding and electrical ducts; identification, including security seals, printed ties, cable markers, labels and printing systems, and installer solutions, including enclosures, racks and connectors.