Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Tate & Lyle (LON:TATE - Free Report) in a research report released on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 800 ($10.92) target price on the stock.
Tate & Lyle Trading Down 0.5%
Shares of LON:TATE traded down GBX 2.50 ($0.03) during midday trading on Thursday, hitting GBX 548.50 ($7.49). 1,888,215 shares of the stock traded hands, compared to its average volume of 3,525,206. The stock has a market capitalization of £2.39 billion, a PE ratio of 11.44, a P/E/G ratio of 1.37 and a beta of 0.50. The business's 50 day moving average is GBX 553.56 and its two-hundred day moving average is GBX 571.03. 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 one year low of GBX 460.40 ($6.29) and a one year high of GBX 848.50 ($11.59).
Tate & Lyle (LON:TATE - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The company reported GBX 50.30 ($0.69) EPS for the quarter. Tate & Lyle had a net margin of 11.41% and a return on equity of 15.37%. As a group, research analysts forecast that Tate & Lyle will post 51.3392857 earnings per share for the current year.
Insider Activity
In related news, insider Sarah Kuijlaars purchased 15,000 shares of Tate & Lyle 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 ($115,116.76). Also, insider Nick Hampton acquired 3,321 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was acquired at an average price of GBX 542 ($7.40) per share, for a total transaction of £17,999.82 ($24,579.84). 2.22% of the stock is owned by insiders.
About Tate & Lyle
(
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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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