Treatt (LON:TET) Trading Up 17.4% - Here's Why

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 stock price was up 17.4% during mid-day trading on Monday . The stock traded as high as GBX 275.50 ($3.74) and last traded at GBX 262.96 ($3.57). Approximately 6,413,393 shares were traded during trading, an increase of 1,587% from the average daily volume of 380,214 shares. The stock had previously closed at GBX 224 ($3.04).

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TET shares. Deutsche Bank Aktiengesellschaft increased their target price on Treatt from GBX 200 to GBX 260 and gave the stock a "buy" rating in a research report on Monday, September 8th. Berenberg Bank dropped their target price on Treatt from GBX 440 to GBX 250 and set a "buy" rating on the stock in a research report on Thursday, July 24th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of GBX 386.67.

Treatt Stock Up 0.2%

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 company has a market cap of £155.64 million, a PE ratio of 1,439.48 and a beta of 1.02. The stock has a 50-day moving average of GBX 228.67 and a 200-day moving average of GBX 270.46.

About Treatt

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.