Tate & Lyle (LON:TATE) had its price objective reduced by Credit Agricole from GBX 710 ($9.96) to GBX 670 ($9.39) in a report released on Thursday morning. Credit Agricole currently has a neutral rating on the stock.
A number of other brokerages have also recently commented on TATE. Liberum Capital reissued a buy rating and issued a GBX 850 ($11.92) price objective on shares of Tate & Lyle in a research note on Tuesday, December 19th. Credit Suisse Group reissued a neutral rating and issued a GBX 710 ($9.96) price objective on shares of Tate & Lyle in a research note on Friday, November 3rd. Shore Capital restated a hold rating on shares of Tate & Lyle in a report on Tuesday, January 16th. Shore Capital Group restated a hold rating on shares of Tate & Lyle in a report on Thursday, November 2nd. Finally, Berenberg Bank restated a hold rating and issued a GBX 730 ($10.24) target price on shares of Tate & Lyle in a report on Thursday, November 2nd. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 739 ($10.36).
Shares of Tate & Lyle (TATE) traded down GBX 15.80 ($0.22) during trading hours on Thursday, hitting GBX 586.40 ($8.22). 1,640,000 shares of the company’s stock were exchanged, compared to its average volume of 2,090,000. Tate & Lyle has a 1-year low of GBX 584.93 ($8.20) and a 1-year high of GBX 796.50 ($11.17). The stock has a market cap of $2,730.00 and a PE ratio of 1,106.42.
Tate & Lyle Company Profile
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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