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

Key Points

• Treatt plc's stock price surged 17.4% to GBX 262.96 ($3.56) with over 6.4 million shares traded, a significant increase from its average volume.
• Berenberg Bank has lowered its target price on Treatt from GBX 440 to GBX 250 but maintains a "buy" rating.
• The company has a market capitalization of £155.03 million and shows strong liquidity with a current ratio of 4.06.

Treatt plc (LON:TET - Get Free Report)'s share price traded 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). 6,413,393 shares were traded during trading, an increase of 1,587% from the average session volume of 380,214 shares. The stock had previously closed at GBX 224 ($3.04).

Wall Street Analyst Weigh In

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

Treatt Price 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's fifty day moving average price is GBX 228.67 and its 200 day moving average price is GBX 271.42. The firm has a market capitalization of £155.64 million, a price-to-earnings ratio of 1,439.48 and a beta of 1.02.

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.