Treatt (TET)

Sector:

Industrial Chemicals

Index:

FTSE Small Cap

502.00p
   
  • Change Today:
      11.00p
  • 52 Week High: 518.00
  • 52 Week Low: 370.00
  • Currency: UK Pounds
  • Shares Issued: 60.72m
  • Volume: 546,092
  • Market Cap: £304.83m
  • RiskGrade: 277

Berenberg initiates coverage on Treatt at 'buy'

By Iain Gilbert

Date: Thursday 08 Sep 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg initiated coverage on ingredients manufacturer Treatt at 'buy' on Thursday, stating the stock was "a natural beauty".
Berenberg said a recent profit warning from Treatt, best known for the natural extracts it produces and sells to the global beverage sector, had dented investor confidence.

However, it believes the company to be "well positioned" for structural trends and said it has "the necessary ingredients" to be a multi-year compounder.

The German bank stated Treatt's key attractions were its enduring sales growth, improving returns on capital, and favourable market position.

"Conversations with many of the company's competitors, customers, and past employees corroborate our view," said Berenberg, which started the stock off with a 680.0p price target.

"Our price target is calculated using a DCF valuation (50% weighting) and a target P/E multiple (50%). Treatt trades on a 24-month forward P/E of 23x."



Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Treatt Market Data

Currency UK Pounds
Share Price 502.00p
Change Today 11.00p
% Change 2.24 %
52 Week High 518.00
52 Week Low 370.00
Volume 546,092
Shares Issued 60.72m
Market Cap £304.83m
RiskGrade 277

Treatt Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.11% below the market average97.11% below the market average97.11% below the market average97.11% below the market average97.11% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
15.16% above the market average15.16% above the market average15.16% above the market average15.16% above the market average15.16% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Income
83.67% below the market average83.67% below the market average83.67% below the market average83.67% below the market average83.67% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Growth
52.34% below the market average52.34% below the market average52.34% below the market average52.34% below the market average52.34% below the market average
6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Treatt Dividends

  Latest Previous
  Interim Final
Ex-Div 04-Jul-24 01-Feb-24
Paid 15-Aug-24 14-Mar-24
Amount 2.60p 5.46p

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 4,051 @ 502.00p
16:35 78 @ 502.00p
16:35 77 @ 502.00p
16:35 35 @ 502.00p
16:35 68 @ 502.00p

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