Tate & Lyle (TATE) Stock Rating Reaffirmed by Liberum Capital
Tate & Lyle (LON:TATE)‘s stock had its “buy” rating reissued by investment analysts at Liberum Capital in a report released on Thursday. They currently have a GBX 850 ($11.74) price objective on the stock. Liberum Capital’s price target indicates a potential upside of 56.60% from the company’s previous close.
A number of other equities analysts have also recently issued reports on the company. Shore Capital restated a “hold” rating on shares of Tate & Lyle in a report on Thursday, February 8th. Deutsche Bank dropped their price objective on Tate & Lyle from GBX 725 ($10.02) to GBX 650 ($8.98) and set a “hold” rating for the company in a report on Monday, February 12th. Kepler Capital Markets dropped their price objective on Tate & Lyle from GBX 690 ($9.53) to GBX 660 ($9.12) and set a “hold” rating for the company in a report on Thursday, February 8th. Goldman Sachs Group dropped their price objective on Tate & Lyle from GBX 700 ($9.67) to GBX 695 ($9.60) and set a “neutral” rating for the company in a report on Wednesday, February 7th. Finally, Investec restated a “buy” rating and set a GBX 735 ($10.15) price objective on shares of Tate & Lyle in a report on Monday, January 29th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 731 ($10.10).
Tate & Lyle (TATE) opened at GBX 542.80 ($7.50) on Thursday. Tate & Lyle has a 1-year low of GBX 545 ($7.53) and a 1-year high of GBX 796.50 ($11.00). The stock has a market capitalization of $2,550.00 and a price-to-earnings ratio of 1,024.15.
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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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