Treatt (LON:TET) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Treatt plc (LON:TET)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 223.27 and traded as high as GBX 302. Treatt shares last traded at GBX 301.50, with a volume of 128,844 shares trading hands.

Analyst Ratings Changes

TET has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Treatt from GBX 250 to GBX 215 and set a “hold” rating for the company in a research report on Friday, March 27th. 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. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Treatt currently has a consensus rating of “Hold” and a consensus target price of GBX 248.33.

Treatt Price Performance

The company’s 50-day moving average is GBX 246.42 and its two-hundred day moving average is GBX 223.27. 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 cap of £177.99 million, a P/E ratio of 41.76 and a beta of 0.68.

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 net margin of 3.40% and a return on equity of 3.22%. The business had revenue of GBX 5,986 million during the quarter. Sell-side analysts anticipate that Treatt plc will post 27.0420792 EPS for the current fiscal year.

About Treatt

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.