Tate & Lyle (LON:BD15) received a GBX 655 ($9.18) price target from research analysts at Berenberg Bank in a note issued to investors on Friday. The firm currently has a “neutral” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 487.44% from the stock’s current price.
Other equities analysts have also issued research reports about the company. Kepler Capital Markets set a GBX 660 ($9.25) price target on Tate & Lyle and gave the company a “neutral” rating in a research note on Thursday. Goldman Sachs Group set a GBX 695 ($9.74) price target on Tate & Lyle and gave the company a “neutral” rating in a research note on Wednesday. Credit Suisse Group set a GBX 670 ($9.39) price target on Tate & Lyle and gave the company a “neutral” rating in a research note on Thursday. Finally, Jefferies Group set a GBX 750 ($10.52) price target on Tate & Lyle and gave the company a “buy” rating in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 697.22 ($9.78).
Tate & Lyle (LON BD15) opened at GBX 111.50 ($1.56) on Friday. Tate & Lyle has a 52 week low of GBX 102 ($1.43) and a 52 week high of GBX 116 ($1.63). The stock has a market capitalization of $2,800.00 and a price-to-earnings ratio of 210.38.
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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