Treatt (LON:TET) Shares Up 17.9% on Analyst Upgrade

Key Points

• Treatt plc shares surged 17.9% on Monday, trading as high as GBX 275.50 ($3.72), significantly higher than the previous close at GBX 224 ($3.02).
• Berenberg Bank revised its price target for Treatt's shares from GBX 440 to GBX 250, maintaining a "buy" rating amidst differing analyst opinions.
• The company currently holds a market capitalization of £155.14 million and a consensus rating of "Buy" among analysts, with an average target price of GBX 450.

Treatt plc (LON:TET - Get Free Report)'s share price rose 17.9% 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 264 ($3.59). Approximately 2,726,759 shares traded hands during trading, an increase of 660% from the average daily volume of 358,904 shares. The stock had previously closed at GBX 224 ($3.04).

Separately, Berenberg Bank reduced their target price on shares of Treatt from GBX 440 to GBX 250 and set a "buy" rating for the company in a report on Thursday, July 24th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of GBX 386.67.

Treatt Stock Performance

The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.87 and a current ratio of 4.06. The company has a market capitalization of £155.64 million, a P/E ratio of 1,439.48 and a beta of 1.02. The business's fifty day simple moving average is GBX 228.42 and its 200-day simple moving average is GBX 272.46.

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.