Tate & Lyle (LON:TATE) was upgraded by equities researchers at Kepler Capital Markets to a “hold” rating in a report released on Friday, ThisIsMoney.Co.Uk reports. The firm currently has a GBX 720 ($9.41) price objective on the stock, up from their previous price objective of GBX 635 ($8.30). Kepler Capital Markets’ target price suggests a potential upside of 0.22% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Shore Capital restated a “hold” rating on shares of Tate & Lyle in a report on Thursday. Credit Suisse Group restated a “neutral” rating on shares of Tate & Lyle in a report on Friday. BNP Paribas restated a “neutral” rating on shares of Tate & Lyle in a report on Friday, September 6th. Liberum Capital restated a “buy” rating on shares of Tate & Lyle in a report on Thursday. Finally, Deutsche Bank restated a “hold” rating on shares of Tate & Lyle in a report on Friday. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Tate & Lyle currently has an average rating of “Hold” and a consensus target price of GBX 738.13 ($9.64).
Shares of TATE traded up GBX 21.60 ($0.28) during midday trading on Friday, reaching GBX 718.40 ($9.39). The stock had a trading volume of 2,749,956 shares, compared to its average volume of 2,840,000. Tate & Lyle has a 1-year low of GBX 655 ($8.56) and a 1-year high of GBX 810 ($10.58). The company’s fifty day simple moving average is GBX 696.56 and its two-hundred day simple moving average is GBX 732.64. The company has a market cap of $3.37 billion and a price-to-earnings ratio of 18.61. The company has a debt-to-equity ratio of 40.09, a current ratio of 1.61 and a quick ratio of 0.88.
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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