Tate & Lyle (LON:TATE) Upgraded by Deutsche Bank Aktiengesellschaft to Buy Rating

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%

Shares of LON:TATE traded down GBX 7 during trading on Friday, hitting GBX 538. 31,513,416 shares of the company’s stock were exchanged, compared to its average volume of 17,172,686. The company has a current ratio of 2.19, a quick ratio of 1.77 and a debt-to-equity ratio of 83.31. The firm has a market cap of £2.38 billion, a P/E ratio of 96.07, a PEG ratio of 1.37 and a beta of 0.28. The firm has a 50-day moving average price of GBX 357.24 and a two-hundred day moving average price of GBX 371.42. Tate & Lyle has a 1-year low of GBX 319.40 and a 1-year high of GBX 610.

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.