Tate & Lyle (LON:TATE) Price Target Cut to GBX 460 by Analysts at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank has reduced its price target for Tate & Lyle from GBX 800 to GBX 460, maintaining a "buy" rating, suggesting a potential upside of 23.59% from the current stock price.
• Other firms like Citigroup and Berenberg have also adjusted their ratings and targets, with Citigroup lowering their target to GBX 540 while Berenberg raised theirs to GBX 620.
• Insider Sarah Kuijlaars purchased 15,000 shares of Tate & Lyle at an average price of GBX 518, indicating insider confidence despite the stock's recent target cuts.

Tate & Lyle (LON:TATE - Get Free Report) had its price objective decreased by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 800 to GBX 460 in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 23.59% from the stock's current price.

Several other research firms have also recently weighed in on TATE. Citigroup lowered their price objective on Tate & Lyle from GBX 670 to GBX 540 and set a "buy" rating on the stock in a research report on Thursday. Berenberg Bank raised their price target on Tate & Lyle from GBX 600 to GBX 620 and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of GBX 540.

Tate & Lyle Stock Up 0.2%

TATE stock opened at GBX 372.20 on Thursday. 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 stock has a market capitalization of £1.64 billion, a price-to-earnings ratio of 1,078.84, a PEG ratio of 1.37 and a beta of 0.50. The business's fifty day moving average price is GBX 513.26 and its two-hundred day moving average price is GBX 530.02. Tate & Lyle has a fifty-two week low of GBX 366.20 and a fifty-two week high of GBX 848.50.

Insider Transactions at Tate & Lyle

In other Tate & Lyle news, insider Sarah Kuijlaars bought 15,000 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were purchased at an average price of GBX 518 per share, for a total transaction of £77,700. 1.65% of the stock is currently owned by corporate 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.

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