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Treatt (LON:TET) Stock Price Up 17.4% - Here's Why

Treatt logo with Basic Materials background

Key Points

  • Treatt plc's stock experienced a significant increase of 17.4%, reaching a last traded price of GBX 262.96 ($3.56), with over 6 million shares traded.
  • Analysts from Berenberg Bank have revised their price target on Treatt shares from GBX 440 to GBX 250 while maintaining a "buy" rating, contributing to an average consensus price target of GBX 450.
  • The company has a market cap of £155.93 million and key financial ratios that indicate a high P/E ratio of 1,442.20 and a healthy current ratio of 4.06.
  • Five stocks we like better than Treatt.

Treatt plc (LON:TET - Get Free Report) shares shot up 17.4% during trading on Monday . The company traded as high as GBX 275.50 ($3.74) and last traded at GBX 262.96 ($3.57). 6,413,393 shares traded hands 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).

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TET. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Treatt from GBX 200 to GBX 260 and gave the company a "buy" rating in a research report on Monday, September 8th. Berenberg Bank cut their price objective on shares of Treatt from GBX 440 to GBX 250 and set a "buy" rating for the company in a research report on Thursday, July 24th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Treatt currently has a consensus rating of "Buy" and an average target price of GBX 386.67.

Get Our Latest Stock Analysis on Treatt

Treatt Price Performance

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 market cap of £155.64 million, a price-to-earnings ratio of 1,439.48 and a beta of 1.02. The company's 50-day moving average is GBX 228.67 and its 200-day moving average is GBX 269.52.

About Treatt

(Get Free Report)

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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