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 303 and last traded at GBX 301, with a volume of 93570 shares. The stock had previously closed at GBX 301.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Treatt from GBX 250 to GBX 215 and set a “hold” rating for the company in a report on Friday, March 27th. Berenberg Bank reissued a “buy” rating and set a GBX 270 price target on shares of Treatt in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Treatt presently has a consensus rating of “Hold” and an average target price of GBX 248.33.

Treatt Price Performance

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 company’s 50 day moving average price is GBX 236.49 and its 200 day moving average price is GBX 220.77. The firm has a market capitalization of £177.70 million, a P/E ratio of 41.69 and a beta of 0.68.

Treatt (LON:TET) last released its quarterly earnings results on Wednesday, April 29th. The company reported GBX 3.04 EPS 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 for the quarter. As a group, sell-side analysts anticipate that Treatt plc will post 27.0420792 EPS 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.