Tate & Lyle (LON:TATE) Price Target Raised to GBX 554 at Berenberg Bank

Tate & Lyle (LON:TATE) had its price objective raised by equities research analysts at Berenberg Bank from GBX 464 to GBX 554 in a research report issued on Wednesday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 10.14% from the company’s previous close.

TATE has been the topic of several other reports. UBS Group reaffirmed a “neutral” rating and set a GBX 375 price objective on shares of Tate & Lyle in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft raised shares of Tate & Lyle to a “buy” rating and upped their price objective for the company from GBX 460 to GBX 595 in a report on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Tate & Lyle currently has an average rating of “Moderate Buy” and an average target price of GBX 516.

Tate & Lyle Price Performance

Shares of LON:TATE opened at GBX 503 on Wednesday. The company’s 50-day moving average is GBX 382.90 and its 200 day moving average is GBX 378.78. The company has a debt-to-equity ratio of 80.98, a quick ratio of 1.77 and a current ratio of 2.71. The company has a market capitalization of £2.22 billion, a P/E ratio of 89.82, a price-to-earnings-growth ratio of 1.37 and a beta of 0.28. Tate & Lyle has a fifty-two week low of GBX 319.40 and a fifty-two week high of GBX 580.

Tate & Lyle (LON:TATE) last issued its quarterly earnings results on Thursday, May 21st. The company reported GBX 22 earnings per share for the quarter. The company had revenue of GBX 200.60 billion for the quarter. Tate & Lyle had a net margin of 4.84% and a return on equity of 6.17%. On average, equities research analysts forecast that Tate & Lyle will post 51.3392857 earnings per share for the current year.

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. The company offers dairy products, soups, sauces, and dressings; bakery products and snacks; texturants; nutritive sweeteners, such as high fructose corn syrup and dextrose; fibres; and stabilizers and functional systems.