Tate & Lyle (LON:TATE) had its target price lowered by analysts at Kepler Capital Markets from GBX 690 ($9.67) to GBX 660 ($9.25) in a note issued to investors on Thursday. The firm currently has a “hold” rating on the stock. Kepler Capital Markets’ price target indicates a potential upside of 4.36% from the stock’s previous close.
Several other research analysts have also recently weighed in on the stock. Jefferies Group upgraded shares of Tate & Lyle to a “buy” rating and decreased their price objective for the stock from GBX 800 ($11.22) to GBX 750 ($10.52) in a research report on Monday, October 23rd. Deutsche Bank restated a “hold” rating and issued a GBX 725 ($10.17) price objective on shares of Tate & Lyle in a research report on Friday, November 3rd. Liberum Capital restated a “buy” rating and issued a GBX 850 ($11.92) price objective on shares of Tate & Lyle in a research report on Tuesday, December 19th. Shore Capital restated a “hold” rating on shares of Tate & Lyle in a research report on Tuesday, January 16th. Finally, Credit Suisse Group restated a “neutral” rating and issued a GBX 710 ($9.96) 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 company’s stock. Tate & Lyle has a consensus rating of “Hold” and an average target price of GBX 744.75 ($10.44).
Tate & Lyle (TATE) opened at GBX 632.40 ($8.87) on Thursday. The firm has a market cap of $2,940.00 and a P/E ratio of 1,193.21. Tate & Lyle has a 52-week low of GBX 622 ($8.72) 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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