Treatt (LON:TET) Stock Price Up 17.4% - Should You Buy?

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 traded up 17.4% during 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 traded hands during mid-day 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).

Analysts Set New Price Targets

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price target on Treatt from GBX 200 to GBX 260 and gave the company a "buy" rating in a report on Monday, September 8th. Berenberg Bank dropped their price objective on Treatt from GBX 440 to GBX 250 and set a "buy" rating for the company in a research note on Thursday, July 24th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Treatt currently has an average rating of "Buy" and a consensus target price of GBX 386.67.

Treatt Stock Up 0.2%

The stock has a market capitalization of £155.64 million, a PE ratio of 1,439.48 and a beta of 1.02. The firm has a 50 day moving average of GBX 228.67 and a two-hundred day moving average of GBX 270.46. The company has a current ratio of 4.06, a quick ratio of 0.87 and a debt-to-equity ratio of 1.78.

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.