Tate & Lyle (LON:TATE)‘s stock had its “buy” rating reaffirmed by research analysts at Liberum Capital in a research report issued to clients and investors on Tuesday, December 19th. They currently have a GBX 850 ($11.53) price objective on the stock. Liberum Capital’s target price points to a potential upside of 24.45% from the stock’s previous close.
A number of other equities research analysts also recently commented on the company. Shore Capital Group reaffirmed a “hold” rating on shares of Tate & Lyle in a report on Thursday, November 2nd. Berenberg Bank reaffirmed a “hold” rating and set a GBX 730 ($9.90) target price on shares of Tate & Lyle in a report on Thursday, November 2nd. Shore Capital reiterated a “hold” rating on shares of Tate & Lyle in a research report on Thursday, November 2nd. Kepler Capital Markets reiterated a “hold” rating and set a GBX 660 ($8.95) price target on shares of Tate & Lyle in a research report on Thursday, November 2nd. Finally, Credit Suisse Group reduced their price target on Tate & Lyle from GBX 780 ($10.58) to GBX 710 ($9.63) and set a “neutral” rating for the company in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 743.36 ($10.08).
Tate & Lyle (LON TATE) traded down GBX 2.40 ($0.03) on Tuesday, reaching GBX 683 ($9.26). The company’s stock had a trading volume of 2,185,198 shares, compared to its average volume of 3,440,000. The stock has a market capitalization of $3,180.00 and a price-to-earnings ratio of 1,288.68. Tate & Lyle has a 52 week low of GBX 622 ($8.44) and a 52 week high of GBX 796.50 ($10.80).
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Tate & Lyle PLC is a provider of ingredients and solutions to the food, beverage and other industries. The Company’s segments include Speciality Food Ingredients and Bulk Ingredients. The Speciality Food Ingredients segment’s product categories include dairy, beverage, bakery and convenience. The Bulk Ingredients segment’s product lines include bulk sweeteners for food and beverage customers, and industrial starches for paper and construction industries.
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