A number of other research analysts have also recently commented on the company. Jefferies Group raised Tate & Lyle to a buy rating and dropped their price target for the company from GBX 800 ($10.85) to GBX 750 ($10.17) in a research report on Monday, October 23rd. Deutsche Bank reaffirmed a hold rating and set a GBX 725 ($9.83) price target on shares of Tate & Lyle in a research report on Friday, November 3rd. Credit Suisse Group reaffirmed a neutral rating and set a GBX 710 ($9.63) price target on shares of Tate & Lyle in a research report on Friday, November 3rd. Kepler Capital Markets raised Tate & Lyle to a hold rating and dropped their price target for the company from GBX 690 ($9.36) to GBX 660 ($8.95) in a research report on Friday, October 27th. Finally, Berenberg Bank dropped their price target on Tate & Lyle from GBX 805 ($10.92) to GBX 730 ($9.90) and set a hold rating on the stock in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Tate & Lyle presently has an average rating of Hold and an average price target of GBX 743.36 ($10.08).
Shares of Tate & Lyle (LON TATE) traded down GBX 3 ($0.04) during midday trading on Monday, hitting GBX 686.80 ($9.31). The stock had a trading volume of 2,346,456 shares, compared to its average volume of 3,530,000. Tate & Lyle has a 1 year low of GBX 622 ($8.44) and a 1 year high of GBX 796.50 ($10.80). The stock has a market cap of $3,210.00 and a PE ratio of 1,295.85.
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About Tate & Lyle
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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