Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Tate & Lyle (LON:TATE) Stock Price

Tate & Lyle (LON:TATE) had its price objective decreased by analysts at Deutsche Bank Aktiengesellschaft from GBX 800 to GBX 460 in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 26.03% from the stock’s current price.

Several other equities research analysts have also issued reports on the company. Berenberg Bank lifted their price target on Tate & Lyle from GBX 600 to GBX 620 and gave the stock a “hold” rating in a research note on Wednesday, July 9th. Citigroup decreased their price objective on Tate & Lyle from GBX 670 to GBX 540 and set a “buy” rating on the stock in a report on Thursday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 540.

Tate & Lyle Price Performance

Shares of LON:TATE opened at GBX 365 on Thursday. The company’s fifty day moving average price is GBX 509.72 and its 200-day moving average price is GBX 528.83. The company has a debt-to-equity ratio of 47.66, a current ratio of 3.22 and a quick ratio of 1.77. The firm has a market capitalization of £1.61 billion, a price-to-earnings ratio of 1,057.97, a PEG ratio of 1.37 and a beta of 0.50. Tate & Lyle has a one year low of GBX 365 and a one year high of GBX 848.50.

Insider Transactions at Tate & Lyle

In other news, insider Nick Hampton acquired 25,000 shares of the stock in a transaction dated Friday, October 3rd. The stock was purchased at an average cost of GBX 369 per share, with a total value of £92,250. Also, insider Sarah Kuijlaars bought 15,000 shares of the company’s stock in a transaction dated Tuesday, July 15th. The shares were purchased at an average price of GBX 518 per share, with a total value of £77,700. 1.65% of the stock is currently owned by insiders.

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.