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

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

Wall Street Analyst Weigh In

Several research analysts have recently 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 decreased their target price on Treatt from GBX 250 to GBX 215 and set a “hold” rating for the company 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of GBX 248.33.

Treatt Price 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 cap of £177.40 million, a P/E ratio of 41.62 and a beta of 0.68. The firm has a 50-day moving average price of GBX 227.07 and a 200-day moving average price of GBX 218.58.

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 company had revenue of GBX 5,986 million during the quarter. On average, analysts forecast that Treatt plc will post 27.0420792 earnings per share 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.