Treatt (LON:TET) Reaches New 52-Week High - Time to Buy?

Treatt plc (LON:TET - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 527.25 ($6.61) and last traded at GBX 491 ($6.16), with a volume of 89169 shares trading hands. The stock had previously closed at GBX 515 ($6.46).

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a "buy" rating and issued a GBX 650 ($8.15) target price on shares of Treatt in a research note on Friday, December 6th.

Treatt Trading Down 4.7 %

The business's 50-day moving average is GBX 460.82 and its two-hundred day moving average is GBX 453.25. The company has a debt-to-equity ratio of 8.82, a current ratio of 2.83 and a quick ratio of 0.87. The firm has a market cap of £298.14 million, a P/E ratio of 2,727.78 and a beta of 1.02.

Treatt Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 6th will be issued a GBX 5.81 ($0.07) dividend. This is a boost from Treatt's previous dividend of $2.60. The ex-dividend date is Thursday, February 6th. This represents a dividend yield of 1.26%. Treatt's dividend payout ratio (DPR) is presently 4,444.44%.

Treatt Company Profile

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.