Treatt (LON:TET) Trading 17.4% Higher - Here's Why

Key Points

• Treatt plc's stock surged 17.4%, reaching a high of GBX 275.50 ($3.73) during trading, with a significant volume increase of 1,587% from its average.
• Berenberg Bank lowered its target price for Treatt shares from GBX 440 to GBX 250 but maintained a "buy" rating, while the overall consensus rating remains a buy with a target price of GBX 450.
• The company's current market capitalization is approximately £155.03 million, with a notably high price-to-earnings ratio of 1,433.81.

Treatt plc (LON:TET - Get Free Report) traded up 17.4% during trading on Monday . The company traded as high as GBX 275.50 ($3.73) and last traded at GBX 262.96 ($3.56). 6,413,393 shares changed hands during mid-day trading, an increase of 1,587% from the average session volume of 380,214 shares. The stock had previously closed at GBX 224 ($3.03).

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their target price on shares of Treatt from GBX 440 to GBX 250 and set a "buy" rating on the stock in a report on Thursday, July 24th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of GBX 450.

Treatt Trading Up 17.4%

The stock has a market cap of £155.03 million, a price-to-earnings ratio of 1,433.81 and a beta of 1.02. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.87 and a current ratio of 4.06. The company's 50 day simple moving average is GBX 227.92 and its two-hundred day simple moving average is GBX 273.59.

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.

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