Tate & Lyle (LON:TATE) Upgraded to Buy at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Tate & Lyle (LON:TATE) to a buy rating in a report issued on Friday morning, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has GBX 595 target price on the stock, up from their previous target price of GBX 460.

Tate & Lyle Stock Performance

LON TATE opened at GBX 540.70 on Friday. The company has a debt-to-equity ratio of 83.31, a quick ratio of 1.77 and a current ratio of 2.19. The stock’s fifty day moving average is GBX 360.81 and its two-hundred day moving average is GBX 372.60. The firm has a market capitalization of £2.39 billion, a P/E ratio of 96.55, a price-to-earnings-growth ratio of 1.37 and a beta of 0.28. Tate & Lyle has a fifty-two week low of GBX 319.40 and a fifty-two week high of GBX 610.

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. The company offers dairy products, soups, sauces, and dressings; bakery products and snacks; texturants; nutritive sweeteners, such as high fructose corn syrup and dextrose; fibres; and stabilizers and functional systems.