Tate & Lyle (LON:TATE) Given New GBX 950 Price Target at Deutsche Bank Aktiengesellschaft

Tate & Lyle (LON:TATE) had its target price lifted by analysts at Deutsche Bank Aktiengesellschaft from GBX 850 ($10.86) to GBX 950 ($12.14) in a report released on Wednesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 33.98% from the company’s previous close.

Tate & Lyle Trading Up 0.4 %

Shares of TATE traded up GBX 3.05 ($0.04) during trading hours on Wednesday, hitting GBX 709.05 ($9.06). The company had a trading volume of 948,810 shares, compared to its average volume of 2,004,859. The firm has a market cap of £2.69 billion, a P/E ratio of 1,611.48, a P/E/G ratio of 1.37 and a beta of 0.50. The stock’s 50 day moving average price is GBX 738.84 and its 200 day moving average price is GBX 684.91. The company has a quick ratio of 1.77, a current ratio of 3.22 and a debt-to-equity ratio of 47.62. Tate & Lyle has a 52-week low of GBX 587 ($7.50) and a 52-week high of GBX 848.50 ($10.84).

Tate & Lyle Company Profile

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.