The stock of Treatt plc (LON:TET) hit a new 52-week high and has GBX 626.40 target or 161.00% above today’s GBX 240.00 share price. The 7 months bullish chart indicates low risk for the GBX 123.53 million company. The 1-year high was reported on Nov, 7 by Barchart.com. If the GBX 626.40 price target is reached, the company will be worth GBX 198.88 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 8.35% or GBX 18.5 on November 7, hitting GBX 240. About 108,413 shares traded hands or 362.63% up from the average. Treatt plc (LON:TET) has risen 41.23% since April 8, 2016 and is uptrending. It has outperformed by 39.27% the S&P500.
More important recent Treatt plc (LON:TET) news were published by: Uk.Finance.Yahoo.com which released: “Treatt plc (TET.L)” on March 31, 2014, also Bloomberg.com published article titled: “Cucumber Beer-Maker Treatt Toasts Investor Exit With Plant Spree”, Fool.Co.Uk published: “Should You Buy Legal & General Group Plc, Paragon Group of Companies PLC …” on October 02, 2015. More interesting news about Treatt plc (LON:TET) was released by: Prnewswire.com and their article: “Global Market Study on Natural and Organic Flavors: Rising Health …” with publication date: October 31, 2016.
Treatt PLC is a United Kingdom-based company, which is engaged in providing ingredient solutions. The company has a market cap of 123.53 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 20.34 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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