Treatt (LON:TET) Trading Up 17.4% After Analyst Upgrade

Key Points

• Treatt plc's share price surged by 17.4% during mid-day trading, reaching as high as GBX 275.50 ($3.73) from its previous close of GBX 224 ($3.03).
• Berenberg Bank revised their price target for Treatt from GBX 440 to GBX 250 while maintaining a "buy" rating, indicating a mixed but generally positive sentiment among analysts.
• The company's market capitalization stands at £155.97 million, with significant trading volume increasing by 1,587% compared to the average daily volume.

Treatt plc (LON:TET - Get Free Report) traded up 17.4% during mid-day trading on Tuesday 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 262.96 ($3.57). 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 ($3.04).

Separately, Berenberg Bank reduced their price target on shares of Treatt from GBX 440 to GBX 250 and set a "buy" rating on the stock in a research note on Thursday, July 24th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Treatt currently has a consensus rating of "Buy" and a consensus price target of GBX 386.67.

Treatt Stock Up 0.2%

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 company has a market cap of £155.64 million, a price-to-earnings ratio of 1,439.48 and a beta of 1.02. The firm's fifty day simple moving average is GBX 228.67 and its 200 day simple moving average is GBX 271.42.

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.