Treatt (LON:TET) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Treatt plc (LON:TET) 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 traded.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TET. Deutsche Bank Aktiengesellschaft lowered their target price on Treatt from GBX 250 to GBX 215 and set a “hold” rating for the company in a research note on Friday, March 27th. Berenberg Bank restated a “buy” rating and issued a GBX 270 target price 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 assigned a Hold rating to the company. According to data from MarketBeat, Treatt presently has an average rating of “Hold” and a consensus price target of GBX 248.33.

Treatt Trading Down 0.2%

The company has a market cap of £178.29 million, a PE ratio of 41.83 and a beta of 0.91. The company has a current ratio of 3.39, a quick ratio of 0.87 and a debt-to-equity ratio of 4.64. The stock has a 50 day moving average price of GBX 265.74 and a 200 day moving average price of GBX 228.48.

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 return on equity of 3.22% and a net margin of 3.40%.The company had revenue of GBX 5,986 million during the quarter. Sell-side analysts predict 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.