Treatt (LON:TET) Shares Cross Above 200-Day Moving Average – What’s Next?
by Amy Steele · The Cerbat GemTreatt plc (LON:TET – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 215.91 and traded as high as GBX 300. Treatt shares last traded at GBX 299.50, with a volume of 1,739,203 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on TET shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Treatt from GBX 250 to GBX 215 and set a “hold” rating on the stock in a research note on Friday, March 27th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 270 price target on shares of Treatt in a research note on Friday, March 27th. One investment 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 an average target price of GBX 248.33.
Check Out Our Latest Analysis on TET
Treatt Stock Performance
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 business’s 50 day moving average is GBX 214.85 and its 200 day moving average is GBX 215.91. The stock has a market capitalization of £176.51 million, a PE ratio of 41.41 and a beta of 0.68.
Treatt (LON:TET – Get Free Report) 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 firm had revenue of GBX 5,986 million during the quarter. On average, equities research analysts predict that Treatt plc will post 27.0420792 earnings per share 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.