Treatt (LON:TET) Shares Up 17.9% on Analyst Upgrade

Treatt plc (LON:TET)’s stock price shot up 17.9% 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 ($3.73) and last traded at GBX 264 ($3.57). 2,726,759 shares traded hands during mid-day trading, an increase of 660% from the average session volume of 358,904 shares. The stock had previously closed at GBX 224 ($3.03).

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

Treatt Trading Up 0.2%

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 firm has a market cap of £155.34 million, a PE ratio of 1,436.75 and a beta of 1.02. The company’s 50-day moving average is GBX 227.99 and its 200 day moving average is GBX 273.52.

Treatt Company Profile

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.