Tate & Lyle (TATE) Rating Reiterated by Liberum Capital
Several other analysts also recently weighed in on TATE. Berenberg Bank reiterated a hold rating and set a GBX 730 ($9.90) price target on shares of Tate & Lyle in a research note on Thursday, November 2nd. Shore Capital Group restated a hold rating on shares of Tate & Lyle in a research note on Thursday, November 2nd. Shore Capital restated a hold rating on shares of Tate & Lyle in a research note on Tuesday. Credit Suisse Group lowered their target price on Tate & Lyle from GBX 780 ($10.58) to GBX 710 ($9.63) and set a neutral rating on the stock in a research note on Tuesday, October 17th. Finally, Kepler Capital Markets restated a hold rating and issued a GBX 660 ($8.95) target price on shares of Tate & Lyle in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. Tate & Lyle currently has an average rating of Hold and a consensus price target of GBX 743.36 ($10.08).
Tate & Lyle (LON:TATE) traded down GBX 7.40 ($0.10) during trading on Tuesday, reaching GBX 681.80 ($9.25). The company’s stock had a trading volume of 2,700,000 shares, compared to its average volume of 2,010,000. The stock has a market cap of $3,180.00 and a P/E ratio of 1,286.42. Tate & Lyle has a twelve month low of GBX 622 ($8.44) and a twelve month high of GBX 796.50 ($10.80).
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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