Treatt (LON:TET) Stock Price Up 17.4% - Here's What Happened

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) shares shot up 17.4% on Monday . The stock traded as high as GBX 275.50 ($3.73) and last traded at GBX 262.96 ($3.56). 6,413,393 shares traded 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).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered their target price on Treatt from GBX 440 to GBX 250 and set a "buy" rating on the stock in a report on Thursday, July 24th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Treatt currently has an average rating of "Buy" and an average price target 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 company has a 50 day simple moving average of GBX 227.92 and a two-hundred day simple moving average of GBX 273.59. The company has a market capitalization of £155.03 million, a P/E ratio of 1,433.81 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.

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