Treatt (LON:TET) Stock Price Up 17.4% - Time to Buy?

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) rose 17.4% during mid-day trading on Monday . The stock traded as high as GBX 275.50 ($3.72) and last traded at GBX 262.96 ($3.55). Approximately 6,413,393 shares changed hands during mid-day trading, an increase of 1,587% from the average daily volume of 380,214 shares. The stock had previously closed at GBX 224 ($3.02).

Analyst Ratings Changes

Separately, Berenberg Bank decreased their price target on shares of Treatt from GBX 440 to GBX 250 and set a "buy" rating for the company in a research report on Thursday, July 24th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of GBX 450.

Treatt Stock Performance

The company has a debt-to-equity ratio of 1.78, a current ratio of 4.06 and a quick ratio of 0.87. The company's 50-day moving average price is GBX 227.85 and its two-hundred day moving average price is GBX 274.63. The company has a market capitalization of £155.03 million, a price-to-earnings ratio of 1,433.81 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.

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