Berenberg Bank Reaffirms “Hold” Rating for Tate & Lyle (LON:TATE)

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Tate & Lyle (LON:TATE)‘s stock had its “hold” rating restated by investment analysts at Berenberg Bank in a report released on Tuesday, Digital Look reports. They currently have a GBX 795 ($10.39) price target on the stock. Berenberg Bank’s target price suggests a potential upside of 7.11% from the company’s current price.

TATE has been the topic of several other research reports. Deutsche Bank reaffirmed a “hold” rating on shares of Tate & Lyle in a report on Friday, November 8th. Kepler Capital Markets raised shares of Tate & Lyle to a “hold” rating and raised their target price for the company from GBX 635 ($8.30) to GBX 720 ($9.41) in a report on Friday, November 8th. Goldman Sachs Group raised their target price on shares of Tate & Lyle from GBX 780 ($10.19) to GBX 820 ($10.71) and gave the company a “neutral” rating in a report on Monday, November 11th. Barclays reaffirmed an “overweight” rating on shares of Tate & Lyle in a report on Wednesday, September 25th. Finally, Liberum Capital reaffirmed a “buy” rating on shares of Tate & Lyle in a report on Thursday, November 7th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 757.86 ($9.90).

Shares of LON:TATE opened at GBX 742.20 ($9.70) on Tuesday. The firm’s 50 day moving average price is GBX 693.41 and its 200 day moving average price is GBX 730.02. The stock has a market cap of $3.48 billion and a price-to-earnings ratio of 15.15. Tate & Lyle has a fifty-two week low of GBX 655 ($8.56) and a fifty-two week high of GBX 810 ($10.58). 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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Analyst Recommendations for Tate & Lyle (LON:TATE)

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