Tate & Lyle PLC (BD15) Receives Average Rating of “Hold” from Brokerages
Tate & Lyle PLC (LON:BD15) has earned an average recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 713.57 ($9.54).
BD15 has been the subject of several research reports. Jefferies Group set a GBX 750 ($10.03) price objective on Tate & Lyle and gave the company a “buy” rating in a report on Monday, October 23rd. Goldman Sachs Group set a GBX 660 ($8.82) price objective on Tate & Lyle and gave the company a “neutral” rating in a report on Friday, November 3rd. Kepler Capital Markets set a GBX 690 ($9.23) price objective on Tate & Lyle and gave the company a “neutral” rating in a report on Friday, November 3rd. Finally, Berenberg Bank set a GBX 730 ($9.76) price objective on Tate & Lyle and gave the company a “neutral” rating in a report on Monday, September 25th.
Tate & Lyle (LON BD15) opened at GBX 112 ($1.50) on Tuesday. Tate & Lyle has a twelve month low of GBX 101 ($1.35) and a twelve month high of GBX 116 ($1.55). The firm has a market capitalization of $3,260.00 and a price-to-earnings ratio of 211.32.
Tate & Lyle Company Profile
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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