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

Key Points

• Treatt plc stock surged by 17.4% during mid-day trading, reaching a high of GBX 275.50 ($3.72) before settling at GBX 262.96 ($3.55).
• Berenberg Bank has lowered its price target for Treatt shares from GBX 440 to GBX 250, but still maintains a "buy" rating.
• The current consensus rating for Treatt stock remains a "Buy," with an average price target of GBX 450.

Treatt plc (LON:TET - Get Free Report) shares shot up 17.4% 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 changed 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 ($3.04).

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TET shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Treatt from GBX 200 to GBX 260 and gave the company a "buy" rating in a research note on Monday, September 8th. Berenberg Bank reduced their price target 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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of GBX 386.67.

Treatt Stock Up 0.2%

The company has a current ratio of 4.06, a quick ratio of 0.87 and a debt-to-equity ratio of 1.78. The firm's 50 day simple moving average is GBX 228.67 and its 200-day simple moving average is GBX 270.46. The company has a market capitalization of £155.64 million, a price-to-earnings 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.