Treatt (LON:TET) Trading 17.5% Higher on Analyst Upgrade

Treatt plc (LON:TET - Get Free Report) traded up 17.5% on Monday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 200 to GBX 260. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Treatt traded as high as GBX 275.50 ($3.74) and last traded at GBX 263.22 ($3.57). 1,144,887 shares traded hands during mid-day trading, an increase of 227% from the average session volume of 349,760 shares. The stock had previously closed at GBX 224 ($3.04).

Separately, Berenberg Bank reduced their price objective on Treatt from GBX 440 to GBX 250 and set a "buy" rating for the company in a research report on Thursday, July 24th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average 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 firm has a 50 day simple moving average of GBX 228.67 and a 200-day simple moving average of GBX 271.42. The stock has a market cap of £155.64 million, a P/E ratio of 1,439.48 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.