Tate & Lyle (LON:TATE) Raised to “Buy” at Deutsche Bank Aktiengesellschaft

Tate & Lyle (LON:TATE) was upgraded by Deutsche Bank Aktiengesellschaft to a “buy” rating in a research report issued on Friday,London Stock Exchange reports. The brokerage presently has a GBX 595 price objective on the stock, up from their prior price objective of GBX 460. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 10.59% from the stock’s previous close.

Tate & Lyle Trading Down 1.3%

TATE stock traded down GBX 7 during trading on Friday, hitting GBX 538. The company had a trading volume of 31,513,416 shares, compared to its average volume of 17,172,686. The firm has a 50-day moving average price of GBX 357.24 and a 200-day moving average price of GBX 371.42. Tate & Lyle has a 12 month low of GBX 319.40 and a 12 month high of GBX 610. The company has a quick ratio of 1.77, a current ratio of 2.19 and a debt-to-equity ratio of 83.31. The stock has a market cap of £2.38 billion, a price-to-earnings ratio of 96.07, a PEG ratio of 1.37 and a beta of 0.28.

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.