Treatt (LON:TET) Stock Price Down 8.6% – Here’s Why

Treatt plc (LON:TET)’s share price was down 8.6% during trading on Wednesday . The company traded as low as GBX 235 ($3.13) and last traded at GBX 239 ($3.19). Approximately 404,605 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 421,295 shares. The stock had previously closed at GBX 261.50 ($3.49).

Analysts Set New Price Targets

A number of analysts have recently commented on TET shares. Deutsche Bank Aktiengesellschaft boosted their price target on Treatt from GBX 260 to GBX 290 and gave the company a “hold” rating in a report on Monday, October 6th. Berenberg Bank cut their price target on Treatt from GBX 440 to GBX 250 and set a “buy” rating on the stock in a report on Thursday, July 24th. Finally, Jefferies Financial Group lowered Treatt to a “hold” rating and cut their price target for the company from GBX 350 to GBX 260 in a report on Monday, September 15th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Treatt currently has a consensus rating of “Hold” and an average target price of GBX 266.67.

Treatt Stock Performance

The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.87 and a current ratio of 4.06. The stock’s fifty day moving average price is GBX 253.37 and its 200-day moving average price is GBX 251.79. The company has a market capitalization of £143.85 million, a P/E ratio of 13.30 and a beta of 1.02.

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.