Treatt (LON:TET) Trading 17.4% Higher - Still a Buy?

Key Points

• Treatt plc shares experienced a significant increase of 17.4% during trading, reaching a high of GBX 275.50 and closing at GBX 262.96.
• Analysts at Berenberg Bank have reduced their price target for Treatt from GBX 440 to GBX 250, while maintaining a "buy" rating for the stock.
• The company has a debt-to-equity ratio of 1.78, and its average rating remains a "buy" with a consensus price target of GBX 450.

Shares of Treatt plc (LON:TET - Get Free Report) traded up 17.4% during trading on Monday . The stock traded as high as GBX 275.50 ($3.72) and last traded at GBX 262.96 ($3.55). 5,813,393 shares traded hands during mid-day trading, an increase of 1,443% from the average session volume of 376,746 shares. The stock had previously closed at GBX 224 ($3.02).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their price objective 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. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of GBX 450.

Treatt Trading Up 17.4%

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 firm's fifty day simple moving average is GBX 227.85 and its 200-day simple moving average is GBX 274.63. The stock has a market cap of £155.03 million, a P/E ratio of 1,433.81 and a beta of 1.02.

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.

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