Tate & Lyle (BD15) Given a GBX 650 Price Target at Deutsche Bank

Tate & Lyle (LON:BD15) has been assigned a GBX 650 ($8.98) target price by Deutsche Bank in a report released on Monday. The brokerage presently has a “neutral” rating on the stock. Deutsche Bank’s price objective points to a potential upside of 482.96% from the company’s current price.

Several other research firms also recently weighed in on BD15. Kepler Capital Markets set a GBX 660 ($9.12) target price on shares of Tate & Lyle and gave the company a “neutral” rating in a report on Thursday. Goldman Sachs Group set a GBX 695 ($9.60) target price on shares of Tate & Lyle and gave the company a “neutral” rating in a report on Wednesday, February 7th. Credit Suisse Group set a GBX 670 ($9.26) target price on shares of Tate & Lyle and gave the company a “neutral” rating in a report on Thursday. Societe Generale set a GBX 680 ($9.39) target price on shares of Tate & Lyle and gave the company a “buy” rating in a report on Friday. Finally, Berenberg Bank set a GBX 655 ($9.05) target price on shares of Tate & Lyle and gave the company a “neutral” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 688.89 ($9.52).

Shares of Tate & Lyle (LON:BD15) remained flat at $GBX 111.50 ($1.54) during midday trading on Monday. The company has a market cap of $2,710.00 and a PE ratio of 210.38. Tate & Lyle has a 1 year low of GBX 102 ($1.41) and a 1 year high of GBX 116 ($1.60).

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About Tate & Lyle

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.

Analyst Recommendations for Tate & Lyle (LON:BD15)

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