Tate & Lyle (LON:TATE) Earns “Buy” Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of Tate & Lyle (LON:TATE) in a report published on Thursday, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a GBX 800 ($10.92) price target on the stock.

Tate & Lyle Stock Performance

Shares of TATE stock opened at GBX 551 ($7.52) on Thursday. The stock has a market cap of £2.40 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.37 and a beta of 0.50. The business has a 50-day simple moving average of GBX 553.58 and a 200-day simple moving average of GBX 573.62. The company has a quick ratio of 1.77, a current ratio of 3.22 and a debt-to-equity ratio of 47.66. Tate & Lyle has a 52-week low of GBX 460.40 ($6.29) and a 52-week high of GBX 848.50 ($11.58).

Tate & Lyle (LON:TATE) last announced its quarterly earnings results on Thursday, May 22nd. The company reported GBX 50.30 ($0.69) earnings per share for the quarter. Tate & Lyle had a return on equity of 15.37% and a net margin of 11.41%. On average, equities analysts expect that Tate & Lyle will post 51.3392857 EPS for the current year.

Insider Activity at Tate & Lyle

In other news, insider Sarah Kuijlaars purchased 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The shares were bought at an average price of GBX 562 ($7.67) per share, for a total transaction of £84,300 ($115,085.32). Also, insider Nick Hampton acquired 3,321 shares of the business’s stock in a transaction on Thursday, May 22nd. The stock was purchased at an average cost of GBX 542 ($7.40) per share, with a total value of £17,999.82 ($24,573.13). 2.22% of the stock is owned by insiders.

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.