Treatt (LON:TET) Sets New 1-Year High – Should You Buy?

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

Wall Street Analysts Forecast Growth

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

Treatt Price Performance

The company has a market capitalization of £177.40 million, a PE ratio of 41.62 and a beta of 0.68. The firm has a fifty day moving average of GBX 227.07 and a two-hundred day moving average of GBX 218.58. The company has a current ratio of 3.39, a quick ratio of 0.87 and a debt-to-equity ratio of 4.64.

Treatt (LON:TET) last issued its earnings results on Wednesday, April 29th. The company reported GBX 3.04 earnings per share for the quarter. The company had revenue of GBX 5,986 million during the quarter. Treatt had a return on equity of 3.22% and a net margin of 3.40%. Research analysts anticipate that Treatt plc will post 27.0420792 EPS for the current fiscal 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.