Treatt plc (LON:TET - Get Free Report) shares shot up 18% 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 264.25 ($3.58). 2,104,115 shares were traded during mid-day trading, an increase of 492% from the average session volume of 355,305 shares. The stock had previously closed at GBX 224 ($3.04).
Separately, Berenberg Bank decreased their target price 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, Based on data from MarketBeat.com, Treatt currently has an average rating of "Buy" and a consensus target price of GBX 386.67.
Check Out Our Latest Analysis on Treatt
Treatt Stock Performance
The firm has a fifty day simple moving average of GBX 228.67 and a 200 day simple 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. The stock has a market cap of £155.64 million, a price-to-earnings ratio of 1,439.48 and a beta of 1.02.
About Treatt
(
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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.
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