Treatt (LON:TET) Shares Up 17.4% - What's Next?

Key Points

• Treatt plc shares surged by 17.4% on Monday, reaching a trading price of GBX 262.96 ($3.56) after hitting a high of GBX 275.50 ($3.73).
• Berenberg Bank has downgraded Treatt's price target from GBX 440 to GBX 250, while maintaining a "buy" rating for the stock.
• The stock currently has an average rating of "Buy" with a consensus target price of GBX 450, reflecting positive expectations from analysts.

Treatt plc (LON:TET - Get Free Report)'s share price shot up 17.4% on Monday . The company traded as high as GBX 275.50 ($3.73) and last traded at GBX 262.96 ($3.56). 6,413,393 shares changed hands during trading, an increase of 1,587% from the average session volume of 380,214 shares. The stock had previously closed at GBX 224 ($3.03).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their price target on Treatt from GBX 440 to GBX 250 and set a "buy" rating on the stock in a research note on Thursday, July 24th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of GBX 450.

Treatt Stock Up 17.4%

The company has a quick ratio of 0.87, a current ratio of 4.06 and a debt-to-equity ratio of 1.78. The stock has a 50 day moving average of GBX 227.92 and a 200 day moving average of GBX 273.59. The firm has a market capitalization of £155.03 million, a price-to-earnings ratio of 1,433.81 and a beta of 1.02.

Treatt Company Profile

We are a trusted ingredients manufacturer and solutions provider to the global flavour, fragrance and consumer goods markets from our bases in the UK, the US and China. We take pride in developing the ingredient solutions of the future and are supported by a global operational infrastructure that delivers results.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.