The stock of Treatt plc (LON:TET) hit a new 52-week high and has GBX 279.84 target or 6.00% above today’s GBX 264.00 share price. The 6 months bullish chart indicates low risk for the GBX 137.72M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the GBX 279.84 price target is reached, the company will be worth GBX 8.26 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 5.18% or GBX 13 on November 25, hitting GBX 264. About 78,705 shares traded hands or 164.46% up from the average. Treatt plc (LON:TET) has risen 45.05% since April 28, 2016 and is uptrending. It has outperformed by 39.65% 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: Ft.com and their article: “What happens when the family bows out?” with publication date: May 30, 2014.
Treatt PLC is a United Kingdom-based company, which is engaged in providing ingredient solutions. The company has a market cap of 137.72 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 22.38 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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