Treatt (LON:TET) Stock Price Up 46% - Here's Why

Key Points

• Shares jumped 46%, rising to GBX 300 (as high as GBX 301) on Wednesday with 494,260 shares traded—about 139% above average volume.
• Analysts are mixed: the consensus rating is Hold with an average target of GBX 248.33; Deutsche Bank cut its target to GBX 215 (hold) while Berenberg maintains a Buy rating and GBX 270 target.

Shares of Treatt plc (LON:TET - Get Free Report) traded up 46% during trading on Wednesday . The stock traded as high as GBX 301 and last traded at GBX 300. 494,260 shares changed hands during mid-day trading, an increase of 139% from the average session volume of 206,886 shares. The stock had previously closed at GBX 205.50.

Analysts Set New Price Targets

Several brokerages have issued reports on TET. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Treatt from GBX 250 to GBX 215 and set a "hold" rating on the stock in a report on Friday, March 27th. Berenberg Bank reissued a "buy" rating and issued a GBX 270 price target on shares of Treatt in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of GBX 248.33.

Treatt Price Performance

The stock has a market cap of £176.81 million, a P/E ratio of 35.83 and a beta of 0.68. The company has a current ratio of 3.16, a quick ratio of 0.87 and a debt-to-equity ratio of 6.21. The company's fifty day simple moving average is GBX 206.43 and its 200-day simple moving average is GBX 214.94.

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. Our people are creative, technically excellent and dedicated – allowing us to develop and supply a range of ready-made or bespoke systems to suit even the most adventurous needs.

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