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Treatt (LON:TET) Price Target Cut to GBX 250 by Analysts at Berenberg Bank

Treatt logo with Basic Materials background

Key Points

  • Berenberg Bank has reduced its target price for Treatt (LON:TET) from GBX 440 to GBX 250, while maintaining a "buy" rating on the stock.
  • The new target price indicates a potential upside of 22.94% from Treatt's previous close.
  • Treatt's stock price recently increased by 9.1%, reaching GBX 203.35 during mid-day trading.
  • The company reported earnings of GBX 4.49 per share for the most recent quarter, with analysts expecting an annual EPS of 27.04.
  • Interested in Treatt? Here are five stocks we like better.

Treatt (LON:TET - Free Report) had its price objective lowered by Berenberg Bank from GBX 440 ($5.88) to GBX 250 ($3.34) in a research note released on Thursday, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.

Treatt Stock Down 0.7%

LON TET traded down GBX 1.42 ($0.02) on Thursday, reaching GBX 205.58 ($2.75). The company had a trading volume of 306,553 shares, compared to its average volume of 358,303. Treatt has a 52-week low of GBX 180 ($2.40) and a 52-week high of GBX 570 ($7.62). The stock has a market capitalization of £124.30 million, a P/E ratio of 11.11 and a beta of 1.02. The company's fifty day moving average is GBX 258.20 and its 200 day moving average is GBX 317.03. The company has a quick ratio of 0.87, a current ratio of 4.06 and a debt-to-equity ratio of 1.78.

Treatt (LON:TET - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported GBX 4.49 ($0.06) earnings per share for the quarter. Treatt had a return on equity of 8.09% and a net margin of 7.88%. Sell-side analysts anticipate that Treatt will post 27.0420792 earnings per share for the current fiscal year.

Treatt Company Profile

(Get Free Report)

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.

Further Reading

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