Treatt (LON:TET) Shares Up 17.9% Following Analyst Upgrade

Key Points

• Treatt plc's stock price surged 17.9% during mid-day trading, reaching GBX 275.50 ($3.72) before closing at GBX 264 ($3.56).
• Berenberg Bank has revised its price target on the stock from GBX 440 to GBX 250, while maintaining a "buy" rating, amidst a consensus target price of GBX 450 from multiple analysts.
• The company exhibits strong liquidity with a current ratio of 4.06 and a low debt-to-equity ratio of 1.78, indicating financial stability.

Shares of Treatt plc (LON:TET - Get Free Report) were up 17.9% during mid-day 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 264 ($3.58). Approximately 2,726,759 shares were traded during trading, an increase of 660% from the average daily volume of 358,904 shares. The stock had previously closed at GBX 224 ($3.04).

Separately, Berenberg Bank dropped their price target on Treatt from GBX 440 to GBX 250 and set a "buy" rating on the stock in a research report on Thursday, July 24th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of GBX 386.67.

Treatt Price Performance

The company has a 50 day moving average of GBX 228.67 and a two-hundred day moving average of GBX 270.46. The firm has a market cap of £155.64 million, a P/E 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.