Tate & Lyle (LON:TATE) had its price target cut by stock analysts at Kepler Capital Markets from GBX 690 ($9.67) to GBX 660 ($9.25) in a research report issued to clients and investors on Thursday. The firm presently has a “hold” rating on the stock. Kepler Capital Markets’ price objective suggests a potential upside of 13.40% from the company’s current price.
A number of other analysts have also issued reports on TATE. Berenberg Bank reiterated a “hold” rating and set a GBX 730 ($10.24) price objective 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. Investec restated a “buy” rating and issued a GBX 735 ($10.31) target price on shares of Tate & Lyle in a research note on Monday, January 29th. Credit Suisse Group decreased their target price on Tate & Lyle from GBX 780 ($10.94) to GBX 710 ($9.96) and set a “neutral” rating on the stock in a research note on Tuesday, October 17th. Finally, Goldman Sachs Group decreased their target price on Tate & Lyle from GBX 700 ($9.81) to GBX 695 ($9.74) and set a “neutral” rating on the stock in a research note on Wednesday. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Tate & Lyle currently has a consensus rating of “Hold” and an average target price of GBX 739 ($10.36).
Shares of Tate & Lyle (TATE) opened at GBX 582 ($8.16) on Thursday. Tate & Lyle has a one year low of GBX 582 ($8.16) and a one year high of GBX 796.50 ($11.17). The stock has a market capitalization of $2,730.00 and a price-to-earnings ratio of 1,098.11.
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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