Treatt (LON:TET) Shares Down 8.6% – Here’s What Happened

Treatt plc (LON:TET) fell 8.6% during trading on Wednesday . The stock traded as low as GBX 235 ($3.13) and last traded at GBX 239 ($3.19). 404,605 shares traded hands during trading, a decline of 4% from the average session volume of 421,295 shares. The stock had previously closed at GBX 261.50 ($3.49).

Wall Street Analyst Weigh In

Several research firms have recently commented on TET. Jefferies Financial Group downgraded Treatt to a “hold” rating and decreased their price objective for the company from GBX 350 to GBX 260 in a report on Monday, September 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on Treatt from GBX 260 to GBX 290 and gave the company a “hold” rating in a report on Monday, October 6th. Finally, Berenberg Bank decreased their price objective on Treatt from GBX 440 to GBX 250 and set a “buy” rating for the company in a report on Thursday, July 24th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 266.67.

Treatt Price Performance

The stock has a market cap of £143.85 million, a P/E ratio of 13.30 and a beta of 1.02. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.87 and a current ratio of 4.06. The business has a 50 day simple moving average of GBX 253.37 and a 200-day simple moving average of GBX 251.79.

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.