Treatt (LON:TET) Hits New 52-Week High – Here’s What Happened

Treatt plc (LON:TET)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 301.50 and last traded at GBX 300.50, with a volume of 144792 shares changing hands. The stock had previously closed at GBX 300.50.

Wall Street Analysts Forecast Growth

TET has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on Treatt from GBX 250 to GBX 215 and set a “hold” rating for the company in a research note on Friday, March 27th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 270 price target on shares of Treatt in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Treatt presently has an average rating of “Hold” and a consensus price target of GBX 248.33.

Treatt Price Performance

The company has a 50 day moving average of GBX 232.68 and a 200-day moving average of GBX 219.84. The stock has a market capitalization of £177.70 million, a P/E ratio of 41.69 and a beta of 0.68. The company has a quick ratio of 0.87, a current ratio of 3.39 and a debt-to-equity ratio of 4.64.

Treatt (LON:TET) last announced its quarterly earnings data on Wednesday, April 29th. The company reported GBX 3.04 earnings per share (EPS) 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. Sell-side analysts predict that Treatt plc will post 27.0420792 EPS for the current year.

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. 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.