Kepler Capital Markets Cuts Tate & Lyle (TATE) Price Target to GBX 660
Tate & Lyle (LON:TATE) had its target price trimmed by Kepler Capital Markets from GBX 690 ($9.67) to GBX 660 ($9.25) in a research report report published on Thursday. The firm currently has a hold rating on the stock.
Other equities analysts have also issued research reports about the stock. Jefferies Group upgraded shares of Tate & Lyle to a buy rating and lowered their price objective for the company from GBX 800 ($11.22) to GBX 750 ($10.52) in a research report on Monday, October 23rd. Shore Capital reiterated a hold rating on shares of Tate & Lyle in a research report on Tuesday, January 16th. Deutsche Bank reiterated 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. Liberum Capital reiterated a buy rating and set a GBX 850 ($11.92) price objective on shares of Tate & Lyle in a research report on Tuesday, December 19th. Finally, Credit Suisse Group reiterated a neutral rating and set a GBX 710 ($9.96) price objective on shares of Tate & Lyle in a research report on Friday, November 3rd. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Tate & Lyle 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 were exchanged, compared to its average volume of 2,090,000. Tate & Lyle has a 12-month low of GBX 584.93 ($8.20) and a 12-month high of GBX 796.50 ($11.17). The company has a market capitalization of $2,730.00 and a price-to-earnings ratio of 1,106.42.
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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