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

Key Points

• Treatt plc shares surged by 17.4% during trading, reaching a price high of GBX 275.50 ($3.73) before settling at GBX 262.96 ($3.56).
• The stock's trading volume saw a dramatic increase of 1,587% compared to its average daily volume, with approximately 6.4 million shares exchanged.
• Berenberg Bank revised its price target for Treatt shares from GBX 440 to GBX 250 while maintaining a "buy" rating on the stock.

Treatt plc (LON:TET - Get Free Report) shares rose 17.4% during trading on Monday . The stock traded as high as GBX 275.50 ($3.73) and last traded at GBX 262.96 ($3.56). Approximately 6,413,393 shares changed hands during trading, an increase of 1,587% from the average daily volume of 380,214 shares. The stock had previously closed at GBX 224 ($3.03).

Wall Street Analyst Weigh In

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

Treatt Price Performance

The company has a market capitalization of £155.03 million, a P/E ratio of 1,433.81 and a beta of 1.02. The stock's fifty day simple moving average is GBX 227.92 and its 200-day simple moving average is GBX 273.59. The company has a debt-to-equity ratio of 1.78, a current ratio of 4.06 and a quick ratio of 0.87.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.