Treatt (LON:TET) Trading 17.5% Higher Following Analyst Upgrade

Shares of Treatt plc (LON:TET - Get Free Report) traded up 17.5% during trading on Monday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 200 to GBX 260. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Treatt traded as high as GBX 275.50 ($3.74) and last traded at GBX 263.22 ($3.57). 1,144,887 shares were traded during trading, an increase of 227% from the average session volume of 349,760 shares. The stock had previously closed at GBX 224 ($3.04).

Separately, Berenberg Bank lowered 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. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of GBX 386.67.

Treatt Trading Up 0.2%

The company's fifty day simple moving average is GBX 228.67 and its two-hundred day simple moving average is GBX 271.42. 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. The company has a quick ratio of 0.87, a current ratio of 4.06 and a debt-to-equity ratio of 1.78.

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.