Tate & Lyle’s (TATE) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Tate & Lyle (LON:TATE – Get Free Report)‘s stock had its “hold” rating reissued by research analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Friday,Digital Look reports. They presently have a GBX 595 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 7.21% from the company’s current price.

A number of other brokerages have also commented on TATE. UBS Group reaffirmed a “neutral” rating and set a GBX 375 price objective on shares of Tate & Lyle in a research report on Monday, May 18th. Berenberg Bank lifted their target price on Tate & Lyle from GBX 464 to GBX 554 and gave the stock a “hold” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Tate & Lyle currently has an average rating of “Hold” and an average price target of GBX 516.

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Tate & Lyle Stock Performance

Shares of TATE traded up GBX 1 during mid-day trading on Friday, hitting GBX 555. The company’s stock had a trading volume of 2,538,918 shares, compared to its average volume of 23,042,518. The stock’s 50-day moving average is GBX 466.96 and its two-hundred day moving average is GBX 403.64. The firm has a market capitalization of £2.46 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 1.37 and a beta of 0.35. The company has a debt-to-equity ratio of 80.98, a quick ratio of 1.77 and a current ratio of 2.71. Tate & Lyle has a one year low of GBX 319.40 and a one year high of GBX 580.

Tate & Lyle (LON:TATE – Get Free Report) last announced its earnings results on Thursday, May 21st. The company reported GBX 22 earnings per share (EPS) for the quarter. Tate & Lyle had a net margin of 4.84% and a return on equity of 6.17%. The business had revenue of GBX 200.60 billion for the quarter. As a group, sell-side analysts anticipate that Tate & Lyle will post 51.3392857 EPS for the current year.

About Tate & Lyle

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Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through three segments: Food & Beverage Solutions, Sucralose, and Primary Products. The company offers dairy products, soups, sauces, and dressings; bakery products and snacks; texturants; nutritive sweeteners, such as high fructose corn syrup and dextrose; fibres; and stabilizers and functional systems.

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