Treatt (LON:TET) Reaches New 12-Month High – Here’s What Happened

Treatt plc (LON:TET)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 527.25 ($6.63) and last traded at GBX 491 ($6.17), with a volume of 89169 shares traded. The stock had previously closed at GBX 515 ($6.47).

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 650 ($8.17) target price on shares of Treatt in a report on Friday, December 6th.

Treatt Stock Performance

The stock’s fifty day simple moving average is GBX 460.60 and its 200-day simple moving average is GBX 453.13. The company has a market capitalization of £298.14 million, a PE ratio of 2,727.78 and a beta of 1.02. The company has a debt-to-equity ratio of 8.82, a quick ratio of 0.87 and a current ratio of 2.83.

Treatt Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 6th will be paid a dividend of GBX 5.81 ($0.07) per share. This represents a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, February 6th. This is a positive change from Treatt’s previous dividend of $2.60. Treatt’s dividend payout ratio is currently 4,444.44%.

About Treatt

Treatt plc, together with its subsidiaries, manufactures and supplies various natural extracts and ingredients to the flavor, fragrance, beverage, and consumer product industries in the United Kingdom, Germany, Ireland, the United States, China, and internationally. The company offers flavor ingredients, such as citrus, coffee, tea, health and wellness, and fruits and vegetables extracts; Hics, aroma, and herb, spice, and floral ingredients.