Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Tate & Lyle (LON:TATE) Stock

Tate & Lyle (LON:TATE) had its target price upped by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 850 ($10.77) to GBX 950 ($12.04) in a research report issued on Wednesday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 34.28% from the company’s current price.

Tate & Lyle Trading Down 0.2 %

TATE stock opened at GBX 707.50 ($8.97) on Wednesday. The company has a current ratio of 3.22, a quick ratio of 1.77 and a debt-to-equity ratio of 47.62. Tate & Lyle has a 12-month low of GBX 587 ($7.44) and a 12-month high of GBX 848.50 ($10.76). The stock has a market cap of £2.68 billion, a price-to-earnings ratio of 1,607.95, a PEG ratio of 1.37 and a beta of 0.50. The business’s 50-day moving average is GBX 740.40 and its 200 day moving average is GBX 685.23.

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.