Tate & Lyle (LON:TATE)‘s stock had its “buy” rating reissued by stock analysts at Liberum Capital in a note issued to investors on Thursday. They currently have a GBX 850 ($11.92) price objective on the stock. Liberum Capital’s target price indicates a potential upside of 46.05% from the company’s current price.
A number of other equities research analysts have also recently commented on TATE. Credit Suisse Group reduced their target price on shares of Tate & Lyle from GBX 780 ($10.94) to GBX 710 ($9.96) and set a “neutral” rating for the company in a research report on Tuesday, October 17th. Jefferies Group upgraded shares of Tate & Lyle to a “buy” rating and cut their price objective for the stock from GBX 800 ($11.22) to GBX 750 ($10.52) in a research report on Monday, October 23rd. Kepler Capital Markets upgraded shares of Tate & Lyle to a “hold” rating and cut their price objective for the stock from GBX 690 ($9.67) to GBX 660 ($9.25) in a research report on Friday, October 27th. Shore Capital restated a “hold” rating on shares of Tate & Lyle in a research report on Thursday, November 2nd. Finally, Deutsche Bank restated a “hold” rating and set a GBX 725 ($10.17) price objective on shares of Tate & Lyle in a research report on Friday, November 3rd. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 739.75 ($10.37).
Shares of Tate & Lyle (TATE) traded down GBX 20.20 ($0.28) during midday trading on Thursday, hitting GBX 582 ($8.16). 6,402,045 shares of the stock were exchanged, compared to its average volume of 2,180,000. The firm has a market capitalization of $2,730.00 and a PE ratio of 1,098.11. Tate & Lyle has a 1-year low of GBX 582 ($8.16) and a 1-year 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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