Tate & Lyle’s (TATE) “Buy” Rating Reiterated at Liberum Capital
Several other research firms have also commented on TATE. Goldman Sachs Group dropped 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 report on Wednesday, February 7th. Shore Capital reissued a hold rating on shares of Tate & Lyle in a report on Thursday. Kepler Capital Markets dropped their target price on Tate & Lyle from GBX 690 ($9.67) to GBX 660 ($9.25) and set a hold rating on the stock in a report on Thursday. Credit Suisse Group dropped 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 report on Tuesday, October 17th. Finally, Deutsche Bank reissued a hold rating and issued a GBX 725 ($10.17) target price on shares of Tate & Lyle in a report on Friday, November 3rd. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Tate & Lyle has an average rating of Hold and a consensus price target of GBX 733.50 ($10.28).
Tate & Lyle (LON:TATE) opened at GBX 581 ($8.15) on Thursday. The company has a market capitalization of $2,730.00 and a price-to-earnings ratio of 1,096.23. Tate & Lyle has a twelve month low of GBX 582 ($8.16) and a twelve month high of GBX 796.50 ($11.17).
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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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