Treatt (TET)

Sector:

Industrial Chemicals

Index:

FTSE Small Cap

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

Berenberg hikes target price on Treatt

By Iain Gilbert

Date: Wednesday 30 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg hiked their target price on chemical manufacturer Treatt from 680.0p to 780.0p on Wednesday following the group's full-year results.
Berenberg stated that Treatt's FY22 results were in line with its expectations and at the top end of revised guidance range but also noted that while top-line progress was "evident", with underlying revenue growth of approximately 9%, this had been "marred by one-off impacts" that weighed on margins.

"While the 6ppt decline in EBIT margin that was experienced in FY22 is difficult in ignore, its latest results were a good reminder of the progress that Treatt has made. The issues that it faced in FY22 have caused management to revisit how it forecasts revenues, manages pricing and hedges its FX exposure - we see this as a sign of a maturing business. Furthermore, Treatt is now "95% complete" in its move to its new UK headquarters, a milestone that should support improved European growth prospects through the medium term, which will facilitate an improving return-on-capital profile, in our view," said Berenberg.

The German bank added that 2023 looked set to be "a normal year" for Treatt, featuring price-led growth, improved margins, and "a more meaningful contribution" from its coffee division.

"We are also gaining more confidence in Treatt's margin recovery, which is reflected in our EPS estimates lifting by 1%/6%/4% for FY23/FY24/FY25 respectively," concluded Berenberg, which also maintained its 'buy' recommendation on the stock.





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 518.00p
52 Week Low 370.00p
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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