Treatt plc (LON:TET - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 453.77 ($5.73) and traded as high as GBX 475 ($6.00). Treatt shares last traded at GBX 462 ($5.83), with a volume of 58,467 shares.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group reissued a "buy" rating and set a GBX 650 ($8.20) price target on shares of Treatt in a research report on Friday, December 6th.
Get Our Latest Research Report on Treatt
Treatt Trading Down 1.1 %
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 business's 50-day simple moving average is GBX 456.08 and its two-hundred day simple moving average is GBX 453.41. The stock has a market capitalization of £280.53 million, a price-to-earnings ratio of 2,566.67 and a beta of 1.02.
Treatt Increases Dividend
The firm also recently announced a dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 6th will be issued a dividend of GBX 5.81 ($0.07) per share. This is a positive change 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 payout ratio is presently 4,444.44%.
About Treatt
(
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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.
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