Treatt (LON:TET) Stock Price Up 17.4% on 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)'s stock price rose 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). Approximately 6,413,393 shares traded hands during trading, an increase of 1,587% from the average daily volume of 380,214 shares. The stock had previously closed at GBX 224 ($3.04).

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

Treatt Price Performance

The business has a fifty day simple moving average of GBX 228.67 and a two-hundred day simple moving average of GBX 269.52. 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 PE ratio of 1,439.48 and a beta of 1.02.

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.