Treatt (LON:TET) Stock Price Down 8.6% - Here's Why

Key Points

• Treatt plc shares experienced a decline of 8.6% on Wednesday, trading as low as GBX 235 ($3.14) after closing at GBX 261.50 ($3.50).
• Recent analyst reports show a mixed outlook for Treatt, with Deutsche Bank raising the price target to GBX 290 while Berenberg Bank reduced it to GBX 250, resulting in a consensus rating of "Hold."
• The company has a market capitalization of £138.54 million and a P/E ratio of 12.81, indicating its financial metrics amidst the recent stock performance.

Treatt plc (LON:TET - Get Free Report) shares traded down 8.6% on Wednesday . The company traded as low as GBX 235 ($3.14) and last traded at GBX 239 ($3.20). 404,605 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 421,295 shares. The stock had previously closed at GBX 261.50 ($3.50).

Analysts Set New Price Targets

TET has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Treatt from GBX 260 to GBX 290 and gave the stock a "hold" rating in a research note on Monday, October 6th. Berenberg Bank reduced their price objective on Treatt from GBX 440 to GBX 250 and set a "buy" rating for the company in a report on Thursday, July 24th. Finally, Jefferies Financial Group lowered Treatt to a "hold" rating and lowered their target price for the company from GBX 350 to GBX 260 in a research note on Monday, September 15th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of GBX 266.67.

Treatt Stock Performance

The stock has a market capitalization of £138.54 million, a P/E ratio of 12.81 and a beta of 1.02. The company has a quick ratio of 0.87, a current ratio of 4.06 and a debt-to-equity ratio of 1.78. The company has a 50-day moving average price of GBX 252.11 and a two-hundred day moving average price of GBX 252.34.

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.

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