Tate & Lyle (LON:TATE) Rating Reiterated by Deutsche Bank

Share on StockTwits

Tate & Lyle (LON:TATE)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank in a report issued on Friday, ThisIsMoney.Co.Uk reports.

A number of other equities analysts have also recently weighed in on the company. Shore Capital reiterated a “buy” rating on shares of Polypipe Group in a report on Thursday, May 23rd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,000 ($39.20) price target on shares of in a report on Monday, June 3rd. Goldman Sachs Group set a $27.00 price target on Melco Resorts & Entertainment and gave the stock a “buy” rating in a report on Tuesday, May 28th. Liberum Capital reiterated a “sell” rating on shares of Pendragon in a report on Thursday, June 27th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 3,050 ($39.85) price target on shares of Cranswick in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 755.63 ($9.87).

LON TATE opened at GBX 749.20 ($9.79) on Friday. The stock has a market cap of $3.51 billion and a PE ratio of 19.41. The company has a current ratio of 1.61, a quick ratio of 0.88 and a debt-to-equity ratio of 40.09. Tate & Lyle has a twelve month low of GBX 620 ($8.10) and a twelve month high of GBX 810 ($10.58). The business’s fifty day simple moving average is GBX 747.10.

In related news, insider Nick Hampton sold 333,000 shares of the stock in a transaction dated Monday, June 3rd. The stock was 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.

Read More: Why Invest in Dividend Achievers?

Analyst Recommendations for Tate & Lyle (LON:TATE)

Receive News & Ratings for Tate & Lyle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tate & Lyle and related companies with MarketBeat.com's FREE daily email newsletter.