Treatt (LON:TET) Stock Price Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• Treatt shares crossed above their 50-day moving average, trading as high as GBX 214.50 and last at GBX 210 (50-day SMA GBX 205.95), though the stock remains below its 200-day SMA of GBX 219.35.
• Analyst sentiment is mixed with a consensus "Hold": Deutsche Bank cut its target to GBX 215 (hold) while Berenberg reiterated a buy at GBX 270, leaving an average price target of GBX 248.33.
• Key fundamentals show a market cap of £123.97m and a P/E of 25.12, with low profitability metrics (net margin 3.82%, ROE 3.64%) and modest liquidity (quick ratio 0.87, current ratio 3.16).

Shares of Treatt plc (LON:TET - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 205.95 and traded as high as GBX 214.50. Treatt shares last traded at GBX 210, with a volume of 36,953 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TET shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Treatt from GBX 250 to GBX 215 and set a "hold" rating on the stock in a report on Friday, March 27th. Berenberg Bank reiterated 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 given a Hold rating to the company's stock. According to MarketBeat.com, Treatt presently has a consensus rating of "Hold" and an average price target of GBX 248.33.

Treatt Price Performance

The stock's 50-day simple moving average is GBX 205.95 and its two-hundred day simple moving average is GBX 219.35. The company has a market capitalization of £123.97 million, a price-to-earnings ratio of 25.12 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 3.16 and a debt-to-equity ratio of 6.21.

Treatt (LON:TET - Get Free Report) last issued its earnings results on Tuesday, January 20th. The company reported GBX 13.40 earnings per share for the quarter. Treatt had a net margin of 3.82% and a return on equity of 3.64%. Equities research analysts predict that Treatt plc will post 27.0420792 earnings per share for the current 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.

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