Treatt (LON:TET) Shares Up 17.9% After 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.

Treatt plc (LON:TET - Get Free Report) shares shot up 17.9% 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 ($3.59). 2,726,759 shares changed hands during trading, an increase of 660% from the average session volume of 358,904 shares. The stock had previously closed at GBX 224 ($3.04).

Separately, Berenberg Bank dropped 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of GBX 386.67.

Treatt Trading Up 0.2%

The company's 50 day moving average price is GBX 228.42 and its 200 day moving average price is GBX 272.46. 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 firm has a market cap of £155.64 million, a PE ratio of 1,439.48 and a beta of 1.02.

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.