Treatt (LON:TET) Stock Passes Below 200-Day Moving Average – What’s Next?

Shares of Treatt plc (LON:TET) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 234.21 and traded as low as GBX 208. Treatt shares last traded at GBX 209.98, with a volume of 76,260 shares traded.

Analyst Upgrades and Downgrades

TET has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Treatt from GBX 260 to GBX 290 and gave the stock a “hold” rating in a report on Monday, October 6th. Jefferies Financial Group lowered shares of Treatt to a “hold” rating and cut their price target for the stock from GBX 350 to GBX 260 in a research note on Monday, September 15th. One 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, Treatt has a consensus rating of “Hold” and a consensus target price of GBX 266.67.

Treatt Stock Performance

The stock has a market cap of £125.70 million, a PE ratio of 11.63 and a beta of 1.02. The firm’s 50-day moving average is GBX 215.07 and its 200 day moving average is GBX 234.21. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.87 and a current ratio of 4.06.

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.