Deutsche Bank Reaffirms Hold Rating for Tate & Lyle (LON:TATE)
Tate & Lyle (LON:TATE)‘s stock had its “hold” rating reissued by Deutsche Bank in a research report issued on Friday, ThisIsMoney.Co.Uk reports.
Other research analysts have also issued reports about the company. BNP Paribas reissued a “neutral” rating on shares of Tate & Lyle in a report on Friday, September 6th. Shore Capital reissued a “hold” rating on shares of Tate & Lyle in a report on Thursday. Liberum Capital reissued a “buy” rating on shares of Tate & Lyle in a report on Thursday. Barclays reissued an “overweight” rating on shares of Tate & Lyle in a report on Wednesday, September 25th. Finally, Bank of America started coverage on Tate & Lyle in a report on Tuesday, September 24th. They set a “neutral” rating and a GBX 790 ($10.32) target price on the stock. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Tate & Lyle has an average rating of “Hold” and an average price target of GBX 738.13 ($9.64).
Shares of TATE stock traded up GBX 21.60 ($0.28) during trading on Friday, reaching GBX 718.40 ($9.39). 2,749,956 shares of the company’s stock were exchanged, compared to its average volume of 2,840,000. The company has a quick ratio of 0.88, a current ratio of 1.61 and a debt-to-equity ratio of 40.09. The stock has a market capitalization of $3.37 billion and a PE ratio of 18.61. Tate & Lyle has a twelve month low of GBX 655 ($8.56) and a twelve month high of GBX 810 ($10.58). The firm’s fifty day moving average price is GBX 696.56 and its 200-day moving average price is GBX 732.64.
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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