Tate & Lyle (LON:TATE)‘s stock had its “hold” rating reissued by investment analysts at Shore Capital in a research note issued on Thursday.
Other research analysts also recently issued reports about the company. Shore Capital Group restated a “hold” rating on shares of Tate & Lyle in a research note on Thursday, November 2nd. Berenberg Bank restated a “hold” rating and set a GBX 730 ($10.24) target price on shares of Tate & Lyle in a research note on Thursday, November 2nd. Kepler Capital Markets restated a “hold” rating and set a GBX 660 ($9.25) target price on shares of Tate & Lyle in a research note on Thursday, November 2nd. Deutsche Bank restated a “hold” rating and set a GBX 725 ($10.17) target price on shares of Tate & Lyle in a research note on Friday, November 3rd. Finally, Credit Suisse Group dropped their target price on Tate & Lyle from GBX 780 ($10.94) to GBX 710 ($9.96) and set a “neutral” rating on the stock in a research note on Tuesday, October 17th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 739.75 ($10.37).
Tate & Lyle (TATE) traded down GBX 20.20 ($0.28) on Thursday, hitting GBX 582 ($8.16). The stock had a trading volume of 6,402,045 shares, compared to its average volume of 2,180,000. The company has a market cap of $2,730.00 and a price-to-earnings ratio of 1,098.11. Tate & Lyle has a 52-week low of GBX 582 ($8.16) and a 52-week high of GBX 796.50 ($11.17).
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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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