Treatt (LON:TET) Shares Up 11.6% – Time to Buy?

Treatt plc (LON:TET) traded up 11.6% on Wednesday . The company traded as high as GBX 444 ($5.60) and last traded at GBX 444 ($5.60). 114,351 shares were traded during trading, an increase of 2% from the average session volume of 112,157 shares. The stock had previously closed at GBX 398 ($5.02).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 650 ($8.20) price objective on shares of Treatt in a report on Friday, December 6th.

Treatt Stock Performance

The firm’s 50-day moving average price is GBX 451.13 and its 200 day moving average price is GBX 451.27. The company has a market cap of £268.45 million, a price-to-earnings ratio of 23.99 and a beta of 1.02. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.87 and a current ratio of 4.06.

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

Treatt Increases Dividend

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

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.