Treatt (LON:TET) Trading Up 11.6% – Should You Buy?

Shares of Treatt plc (LON:TET) were up 11.6% on Wednesday . The stock traded as high as GBX 444 ($5.61) and last traded at GBX 444 ($5.61). Approximately 114,351 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 112,157 shares. The stock had previously closed at GBX 398 ($5.03).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 650 ($8.21) price objective on shares of Treatt in a research report on Friday, December 6th.

Treatt Price Performance

The firm has a market capitalization of £248.80 million, a P/E ratio of 22.23 and a beta of 1.02. The business has a 50-day moving average of GBX 448.03 and a 200 day moving average of GBX 450.80. The company has a current ratio of 4.06, a quick ratio of 0.87 and a debt-to-equity ratio of 1.78.

Treatt (LON:TET) last issued its earnings results on Wednesday, December 4th. The company reported GBX 24.47 ($0.31) EPS for the quarter. Treatt had a return on equity of 8.09% and a net margin of 7.88%. On average, sell-side analysts predict that Treatt plc will post 27.0420792 earnings per share for the current fiscal year.

Treatt Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 6th will be given a GBX 5.81 ($0.07) dividend. This represents a yield of 1.26%. This is a positive change from Treatt’s previous dividend of $2.60. The ex-dividend date of this dividend is Thursday, February 6th. Treatt’s payout ratio is presently 43.23%.

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.