Liberum Capital reissued their buy rating on shares of Tate & Lyle (LON:TATE) in a research note published on Monday, January 29th. They currently have a GBX 850 ($11.74) price target on the stock.
Other research analysts have also issued research reports about the stock. Jefferies Group upgraded shares of Tate & Lyle to a buy rating and reduced their price objective for the stock from GBX 800 ($11.05) to GBX 750 ($10.36) in a research note on Monday, October 23rd. Investec restated a buy rating and set a GBX 735 ($10.15) price target on shares of Tate & Lyle in a research note on Monday, January 29th. Deutsche Bank reiterated a hold rating and issued a GBX 725 ($10.02) price objective on shares of Tate & Lyle in a research note on Friday, November 3rd. Shore Capital Group reissued a hold rating on shares of Tate & Lyle in a report on Thursday, November 2nd. Finally, Berenberg Bank reissued a hold rating and set a GBX 730 ($10.09) price target on shares of Tate & Lyle in a report on Thursday, November 2nd. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 733.50 ($10.13).
Shares of Tate & Lyle (LON:TATE) opened at GBX 571.40 ($7.89) on Monday. The firm has a market cap of $2,660.00 and a P/E ratio of 1,078.11. Tate & Lyle has a 52-week low of GBX 569.20 ($7.86) and a 52-week high of GBX 796.50 ($11.00).
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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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