Treatt (LON:TET) Hits New 12-Month High – What’s Next?

Treatt plc (LON:TET)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 303 and last traded at GBX 301, with a volume of 93570 shares traded. The stock had previously closed at GBX 301.

Analysts Set New Price Targets

Several research analysts have issued reports on TET shares. Berenberg Bank reissued a “buy” rating and issued a GBX 270 target price on shares of Treatt in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft dropped their target price on Treatt from GBX 250 to GBX 215 and set a “hold” rating on the stock in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 248.33.

Treatt Stock Performance

The company has a debt-to-equity ratio of 4.64, a quick ratio of 0.87 and a current ratio of 3.39. The stock has a market capitalization of £177.70 million, a PE ratio of 41.69 and a beta of 0.68. The stock has a 50-day moving average price of GBX 242.23 and a two-hundred day moving average price of GBX 222.25.

Treatt (LON:TET) last posted its quarterly earnings data on Wednesday, April 29th. The company reported GBX 3.04 earnings per share for the quarter. Treatt had a return on equity of 3.22% and a net margin of 3.40%.The firm had revenue of GBX 5,986 million for the quarter. As a group, equities analysts forecast that Treatt plc will post 27.0420792 earnings per share for the current year.

About Treatt

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. Our people are creative, technically excellent and dedicated – allowing us to develop and supply a range of ready-made or bespoke systems to suit even the most adventurous needs.