Treatt (LON:TET) Reaches New 12-Month High – Still a Buy?

Treatt plc (LON:TET)’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. The stock had previously closed at GBX 515 ($6.46).

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued 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 Stock Performance

The company has a market capitalization of £309.06 million, a P/E ratio of 2,827.78 and a beta of 1.02. The stock’s fifty day moving average price is GBX 460.82 and its 200-day moving average price is GBX 453.25. The company has a debt-to-equity ratio of 8.82, a quick ratio of 0.87 and a current ratio of 2.83.

Treatt Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 6th will be given a dividend of GBX 5.81 ($0.07) per share. This represents a yield of 1.26%. The ex-dividend date is Thursday, February 6th. This is an increase from Treatt’s previous dividend of $2.60. Treatt’s payout ratio is 4,444.44%.

About Treatt

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.