Tate & Lyle (LON:TATE) had its target price lowered by Goldman Sachs Group from GBX 820 ($10.79) to GBX 770 ($10.13) in a research note issued to investors on Monday morning, Stock Target Advisor reports. The firm currently has a buy rating on the stock.
TATE has been the topic of a number of other research reports. Jefferies Financial Group upgraded shares of Tate & Lyle to a hold rating and increased their target price for the stock from GBX 635 ($8.35) to GBX 770 ($10.13) in a research report on Monday, December 9th. Deutsche Bank restated a hold rating and set a GBX 720 ($9.47) target price on shares of Tate & Lyle in a research report on Friday, February 7th. Shore Capital restated a hold rating on shares of Tate & Lyle in a research report on Thursday, February 6th. Kepler Capital Markets upgraded shares of Tate & Lyle to a buy rating in a research report on Tuesday, March 17th. Finally, Berenberg Bank increased their target price on shares of Tate & Lyle from GBX 795 ($10.46) to GBX 810 ($10.66) and gave the stock a hold rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of GBX 739.29 ($9.72).
Shares of LON:TATE opened at GBX 607.20 ($7.99) on Monday. The company’s 50 day moving average price is GBX 704.81 and its two-hundred day moving average price is GBX 728.33. Tate & Lyle has a 12-month low of GBX 493.83 ($6.50) and a 12-month high of GBX 811.40 ($10.67). The firm has a market cap of $2.84 billion and a PE ratio of 12.39. The company has a quick ratio of 1.01, a current ratio of 1.67 and a debt-to-equity ratio of 57.62.
Tate & Lyle Company Profile
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.
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