Tate & Lyle (LON:TATE) had its target price cut by analysts at Deutsche Bank from GBX 720 ($9.47) to GBX 650 ($8.55) in a report issued on Wednesday, Stock Target Advisor reports. The firm presently has a “hold” rating on the stock. Deutsche Bank’s price target would suggest a potential upside of 7.05% from the stock’s current price.
TATE has been the topic of several other research reports. Barclays reaffirmed an “overweight” rating on shares of Tate & Lyle in a research report on Wednesday, November 27th. Berenberg Bank lifted their price objective 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. Kepler Capital Markets raised shares of Tate & Lyle to a “buy” rating in a research report on Tuesday, March 17th. Jefferies Financial Group upgraded shares of Tate & Lyle to a “hold” rating and lifted their target price for the stock from GBX 635 ($8.35) to GBX 770 ($10.13) in a research note on Monday, December 9th. Finally, Shore Capital reiterated a “hold” rating on shares of Tate & Lyle in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 739.29 ($9.72).
Shares of TATE stock opened at GBX 607.20 ($7.99) on Wednesday. The firm has a market cap of $2.84 billion and a price-to-earnings ratio of 12.39. The company has a debt-to-equity ratio of 57.62, a quick ratio of 1.01 and a current ratio of 1.67. Tate & Lyle has a 52 week low of GBX 493.83 ($6.50) and a 52 week high of GBX 811.40 ($10.67). The firm’s 50-day simple moving average is GBX 704.81 and its two-hundred day simple moving average is GBX 728.33.
About Tate & Lyle
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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