Treatt (LON:TET) Stock Price Up 17.4% - Time to Buy?

Key Points

• Treatt plc shares rose by 17.4% to a last trading price of GBX 262.96 ($3.55), with trading volumes significantly increasing by 1,587% compared to the average.
• Berenberg Bank revised its target price for Treatt from GBX 440 to GBX 250 while maintaining a "buy" rating, with the current consensus rating being "Buy" and an average price target of GBX 450.
• The company exhibits a debt-to-equity ratio of 1.78 and a market capitalization of £155.03 million, indicating a stable financial position despite a high price-to-earnings ratio of 1,433.81.

Treatt plc (LON:TET - Get Free Report)'s share price traded up 17.4% during trading on Monday . The company traded as high as GBX 275.50 ($3.73) and last traded at GBX 262.96 ($3.56). 6,413,393 shares traded 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 ($3.03).

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. 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. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Treatt from GBX 200 to GBX 260 and gave the stock a "buy" rating in a report on Monday. Three equities 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 an average price target of GBX 386.67.

Treatt Price Performance

The firm has a market cap of £155.45 million, a PE ratio of 1,437.72 and a beta of 1.02. The company has a quick ratio of 0.87, a current ratio of 4.06 and a debt-to-equity ratio of 1.78. The stock has a 50 day moving average price of GBX 227.99 and a two-hundred day moving average price of GBX 273.52.

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.