Treatt (LON:TET) Trading Down 8.6% – Should You Sell?

Shares of Treatt plc (LON:TET) dropped 8.6% on Wednesday . The company traded as low as GBX 235 ($3.14) and last traded at GBX 239 ($3.20). Approximately 404,605 shares changed hands during trading, a decline of 4% from the average daily volume of 421,295 shares. The stock had previously closed at GBX 261.50 ($3.50).

Wall Street Analyst Weigh In

TET has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Treatt from GBX 260 to GBX 290 and gave the stock a “hold” rating in a research note on Monday, October 6th. Berenberg Bank dropped their target price on Treatt from GBX 440 to GBX 250 and set a “buy” rating on the stock in a research report on Thursday, July 24th. Finally, Jefferies Financial Group lowered shares of Treatt to a “hold” rating and reduced their price target for the stock from GBX 350 to GBX 260 in a research report on Monday, September 15th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 266.67.

Treatt Trading Down 1.7%

The company has a quick ratio of 0.87, a current ratio of 4.06 and a debt-to-equity ratio of 1.78. The company’s 50-day moving average is GBX 252.11 and its 200 day moving average is GBX 252.34. The company has a market cap of £138.54 million, a price-to-earnings ratio of 12.81 and a beta of 1.02.

Treatt Company Profile

We are a trusted ingredients manufacturer and solutions provider to the global flavour, fragrance and consumer goods markets from our bases in the UK, the US and China. We take pride in developing the ingredient solutions of the future and are supported by a global operational infrastructure that delivers results.