Tate & Lyle (LON:TATE)‘s stock had its “buy” rating restated by investment analysts at Liberum Capital in a report issued on Monday. They currently have a GBX 850 ($11.53) price target on the stock. Liberum Capital’s target price suggests a potential upside of 31.86% from the company’s current price.
TATE has been the topic of several other research reports. Shore Capital Group reiterated a “hold” rating on shares of Tate & Lyle in a report on Thursday, November 2nd. Jefferies Group upgraded Tate & Lyle to a “buy” rating and decreased their price target for the company from GBX 800 ($10.85) to GBX 750 ($10.17) in a report on Monday, October 23rd. Shore Capital reiterated a “hold” rating on shares of Tate & Lyle in a report on Thursday, November 2nd. Kepler Capital Markets upgraded Tate & Lyle to a “hold” rating and decreased their price target for the company from GBX 690 ($9.36) to GBX 660 ($8.95) in a report on Friday, October 27th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 730 ($9.90) price target on shares of Tate & Lyle in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 742.67 ($10.07).
Tate & Lyle (LON TATE) opened at GBX 644.62 ($8.74) on Monday. The stock has a market capitalization of $3,000.00 and a PE ratio of 1,216.26. Tate & Lyle has a 1-year low of GBX 622 ($8.44) and a 1-year high of GBX 796.50 ($10.80).
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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