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

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) were up 17.4% during trading on Monday 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 5,813,393 shares traded hands during trading, an increase of 1,443% from the average daily volume of 376,746 shares. The stock had previously closed at GBX 224 ($3.04).

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

Treatt Trading Up 0.2%

The business's 50 day moving average price is GBX 228.67 and its 200-day moving average price is GBX 271.42. 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.

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.