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

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Tate & Lyle (LON:TATE)‘s stock had its “hold” rating reissued by equities research analysts at Deutsche Bank in a research note issued on Monday, Digital Look reports. They currently have a GBX 700 ($9.15) target price on the stock. Deutsche Bank’s target price would suggest a potential downside of 7.33% from the company’s current price.

TATE has been the subject of several other reports. Barclays began coverage on shares of Tate & Lyle in a research note on Tuesday, March 19th. They set an “overweight” rating and a GBX 800 ($10.45) price objective for the company. Shore Capital reiterated a “hold” rating on shares of Tate & Lyle in a research note on Tuesday, March 26th. Liberum Capital reiterated a “buy” rating on shares of Tate & Lyle in a research note on Friday, May 3rd. Berenberg Bank lifted their price objective on shares of Tate & Lyle from GBX 740 ($9.67) to GBX 795 ($10.39) and gave the stock a “hold” rating in a research note on Tuesday, May 28th. Finally, Jefferies Financial Group lowered their price objective on shares of Tate & Lyle from GBX 725 ($9.47) to GBX 700 ($9.15) and set a “hold” rating for the company in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 755.63 ($9.87).

LON:TATE opened at GBX 755.40 ($9.87) on Monday. Tate & Lyle has a 12 month low of GBX 618 ($8.08) and a 12 month high of GBX 810 ($10.58). The company has a debt-to-equity ratio of 40.09, a current ratio of 1.61 and a quick ratio of 0.88. The firm has a market cap of $3.51 billion and a PE ratio of 19.57.

In related news, insider Nick Hampton sold 333,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of GBX 725 ($9.47), for a total transaction of £2,414,250 ($3,154,645.24).

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.

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Analyst Recommendations for Tate & Lyle (LON:TATE)

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