The stock of Treatt plc (LON:TET) hit a new 52-week high and has GBX 636.26 target or 190.00% above today’s GBX 219.40 share price. The 7 months bullish chart indicates low risk for the GBX 113.50M company. The 1-year high was reported on Oct, 28 by Barchart.com. If the GBX 636.26 price target is reached, the company will be worth GBX 215.65 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.87% or GBX 1.9 on October 28, hitting GBX 219.4. About 6,329 shares traded hands. Treatt plc (LON:TET) has risen 24.29% since March 31, 2016 and is uptrending. It has outperformed by 19.57% the S&P500.
More recent Treatt plc (LON:TET) news were published by: Uk.Finance.Yahoo.com which released: “-LSE Ticker: KS7YK0/ISIN: GB00BKS7YK08” on March 31, 2014. Also Bloomberg.com published the news titled: “Cucumber Beer-Maker Treatt Toasts Investor Exit With Plant Spree” on July 30, 2013. Fool.Co.Uk‘s news article titled: “Should You Buy Legal & General Group Plc, Paragon Group of Companies PLC …” with publication date: October 02, 2015 was also an interesting one.
Treatt PLC is a United Kingdom-based company, which is engaged in providing ingredient solutions. The company has a market cap of 113.50 million GBP. The Firm is engaged in manufacturing and supplying ingredient solutions for the flavor, fragrance and consumer goods markets with manufacturing sites in the United Kingdom, the United States and Kenya. It has a 18.6 P/E ratio. It also offers its products to clients in Rest of Europe, the Americas and other parts of the world.
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