Treatt (LON:TET) Announces Earnings Results

Treatt (LON:TET) issued its quarterly earnings results on Wednesday. The company reported GBX 3.04 EPS for the quarter, Digital Look Earnings reports. The company had revenue of GBX 5,986 million for the quarter. Treatt had a return on equity of 3.64% and a net margin of 3.82%.

Treatt Stock Down 0.2%

Shares of TET opened at GBX 298.51 on Friday. The company has a market cap of £176.23 million, a P/E ratio of 35.71 and a beta of 0.68. The company has a debt-to-equity ratio of 6.21, a current ratio of 3.16 and a quick ratio of 0.87. Treatt has a one year low of GBX 180 and a one year high of GBX 301. The firm has a 50 day simple moving average of GBX 209.82 and a two-hundred day simple moving average of GBX 216.10.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TET shares. Deutsche Bank Aktiengesellschaft reduced their price target on Treatt from GBX 250 to GBX 215 and set a “hold” rating for the company in a research report on Friday, March 27th. Berenberg Bank restated a “buy” rating and set a GBX 270 target price on shares of Treatt in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 248.33.

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.