Tate & Lyle’s (TATE) “Hold” Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

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

Other equities research analysts have also issued reports about the stock. Berenberg Bank increased their target price on shares of Tate & Lyle from GBX 464 to GBX 554 and gave the stock a “hold” rating in a report on Wednesday, May 27th. UBS Group reissued a “neutral” rating and issued a GBX 375 target price on shares of Tate & Lyle in a research note on Monday, May 18th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Tate & Lyle presently has a consensus rating of “Hold” and a consensus target price of GBX 516.

Tate & Lyle Price Performance

Shares of TATE traded up GBX 1 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 company has a debt-to-equity ratio of 80.98, a current ratio of 2.71 and a quick ratio of 1.77. The company has a market capitalization of £2.46 billion, a PE ratio of 25.58, a PEG ratio of 1.37 and a beta of 0.35. The company has a 50 day moving average price of GBX 466.96 and a 200 day moving average price of GBX 403.64. Tate & Lyle has a fifty-two week low of GBX 319.40 and a fifty-two week high of GBX 580.

Tate & Lyle (LON:TATE) last released its earnings results on Thursday, May 21st. The company reported GBX 22 earnings per share (EPS) for the quarter. The company had revenue of GBX 200.60 billion for the quarter. Tate & Lyle had a net margin of 4.84% and a return on equity of 6.17%. On average, research analysts anticipate that Tate & Lyle will post 51.3392857 earnings per share for the current fiscal year.

About Tate & Lyle

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.