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

Key Points

• Treatt plc's stock rose by 17.4% on Tuesday, closing at GBX 262.96 ($3.56) after reaching a high of GBX 275.50 ($3.73).
• Analysts have revised Treatt's price target down from GBX 440 to GBX 250, while maintaining a "buy" rating, as two analysts continue to rate it as a buy with an average target price of GBX 450.
• The company has a market capitalization of £155.64 million and notable financial metrics, including a price-to-earnings ratio of 1,439.48 and a current ratio of 4.06.

Treatt plc (LON:TET - Get Free Report) shares shot 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 were traded during 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 cut their price objective on Treatt from GBX 440 to GBX 250 and set a "buy" rating on the stock in a report on Thursday, July 24th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Treatt has a consensus rating of "Buy" and a consensus target price of GBX 386.67.

Treatt Stock Performance

The stock has a 50-day moving average of GBX 228.67 and a 200-day moving average of GBX 269.52. The firm has a market cap of £155.64 million, a price-to-earnings ratio of 1,439.48 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.

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.