Treatt (LON:TET) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of Treatt plc (LON:TET) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 218.36 and traded as high as GBX 300.50. Treatt shares last traded at GBX 300.50, with a volume of 377,392 shares changing hands.

Analysts Set New Price Targets

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

Treatt Price Performance

The company has a debt-to-equity ratio of 4.64, a current ratio of 3.39 and a quick ratio of 0.87. The firm has a market capitalization of £177.40 million, a price-to-earnings ratio of 41.62 and a beta of 0.68. The business’s fifty day simple moving average is GBX 225.28 and its 200 day simple moving average is GBX 218.36.

Treatt (LON:TET) last posted its quarterly earnings results on Wednesday, April 29th. The company reported GBX 3.04 EPS for the quarter. The business had revenue of GBX 5,986 million during the quarter. Treatt had a net margin of 3.40% and a return on equity of 3.22%. On average, research analysts forecast 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.