Treatt (LON:TET) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Treatt plc (LON:TET)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 227.31 and traded as high as GBX 304. Treatt shares last traded at GBX 302.50, with a volume of 108,318 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TET. Berenberg Bank reiterated a “buy” rating and set a GBX 270 price target on shares of Treatt in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Treatt from GBX 250 to GBX 215 and set a “hold” rating on the stock in a report on Friday, March 27th. One 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 presently has a consensus rating of “Hold” and a consensus target price of GBX 248.33.

Treatt Stock Performance

The firm has a market cap of £178.58 million, a price-to-earnings ratio of 41.90 and a beta of 0.91. 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’s fifty day moving average is GBX 261.58 and its 200-day moving average is GBX 227.31.

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