Treatt plc (LON:TET – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 446.70 ($5.52) and traded as high as GBX 487.01 ($6.02). Treatt shares last traded at GBX 486 ($6.00), with a volume of 32,475 shares.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank restated a “buy” rating and issued a GBX 700 ($8.65) price target on shares of Treatt in a report on Wednesday, January 31st.
Treatt Stock Performance
Treatt Increases Dividend
The firm also recently declared a dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 1st were issued a dividend of GBX 5.46 ($0.07) per share. This represents a dividend yield of 1.21%. This is a positive change from Treatt’s previous dividend of $2.55. The ex-dividend date was Thursday, February 1st. Treatt’s dividend payout ratio (DPR) 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.
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