Tate & Lyle (LON:TATE) had its price objective lowered by analysts at Kepler Capital Markets from GBX 690 ($9.67) to GBX 660 ($9.25) in a research note issued on Thursday. The brokerage currently has a “hold” rating on the stock. Kepler Capital Markets’ target price indicates a potential upside of 13.40% from the stock’s current price.
TATE has been the subject of a number of other reports. Liberum Capital reiterated a “buy” rating and set a GBX 850 ($11.92) price target on shares of Tate & Lyle in a report on Tuesday, October 31st. Credit Suisse Group reiterated a “neutral” rating and set a GBX 710 ($9.96) price target on shares of Tate & Lyle in a report on Friday, November 3rd. Jefferies Group upgraded shares of Tate & Lyle to a “buy” rating and lowered their price target for the company from GBX 800 ($11.22) to GBX 750 ($10.52) in a report on Monday, October 23rd. Investec reiterated a “buy” rating and set a GBX 735 ($10.31) price target on shares of Tate & Lyle in a report on Monday, January 29th. Finally, Shore Capital reiterated a “hold” rating on shares of Tate & Lyle in a report on Tuesday, January 16th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Tate & Lyle currently has an average rating of “Hold” and a consensus target price of GBX 739.75 ($10.37).
Tate & Lyle (LON TATE) traded down GBX 20.20 ($0.28) during trading hours on Thursday, reaching GBX 582 ($8.16). 6,402,045 shares of the company were exchanged, compared to its average volume of 2,180,000. Tate & Lyle has a 52 week low of GBX 582 ($8.16) and a 52 week high of GBX 796.50 ($11.17). The company has a market cap of $2,730.00 and a price-to-earnings ratio of 1,098.11.
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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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