Tate & Lyle (LON:TATE) Price Target Raised to GBX 554 at Berenberg Bank

Tate & Lyle (LON:TATE) had its price objective boosted by Berenberg Bank from GBX 464 to GBX 554 in a report released on Wednesday,Digital Look reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 10.14% from the company’s previous close.

A number of other equities analysts also recently issued reports on the stock. UBS Group reaffirmed a “neutral” rating and set a GBX 375 price objective on shares of Tate & Lyle in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft raised shares of Tate & Lyle to a “buy” rating and lifted their price objective for the stock from GBX 460 to GBX 595 in a report on Friday, May 15th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 516.

Tate & Lyle Stock Performance

Shares of TATE stock opened at GBX 503 on Wednesday. The firm has a market capitalization of £2.22 billion, a PE ratio of 89.82, a price-to-earnings-growth ratio of 1.37 and a beta of 0.28. The firm has a fifty day simple moving average of GBX 382.90 and a two-hundred day simple moving average of GBX 378.78. The company has a current ratio of 2.71, a quick ratio of 1.77 and a debt-to-equity ratio of 80.98. Tate & Lyle has a 12 month low of GBX 319.40 and a 12 month high of GBX 580.

Tate & Lyle (LON:TATE) last announced its quarterly earnings results on Thursday, May 21st. The company reported GBX 22 EPS for the quarter. The business had revenue of GBX 200.60 billion during the quarter. Tate & Lyle had a net margin of 4.84% and a return on equity of 6.17%. Analysts forecast that Tate & Lyle will post 51.3392857 EPS for the current fiscal year.

About Tate & Lyle

Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through three segments: Food & Beverage Solutions, Sucralose, and Primary Products. The company offers dairy products, soups, sauces, and dressings; bakery products and snacks; texturants; nutritive sweeteners, such as high fructose corn syrup and dextrose; fibres; and stabilizers and functional systems.