Tate & Lyle (LON:TATE)‘s stock had its “buy” rating reaffirmed by equities researchers at Liberum Capital in a research report issued on Thursday, September 19th, ThisIsMoney.Co.Uk reports.
TATE has been the subject of a number of other reports. BNP Paribas reiterated a “neutral” rating on shares of Tate & Lyle in a research report on Friday, September 6th. Shore Capital reiterated a “hold” rating on shares of Tate & Lyle in a research report on Thursday, May 23rd. Jefferies Financial Group lowered their price target on Tate & Lyle from GBX 720 ($9.41) to GBX 620 ($8.10) and set a “hold” rating for the company in a research report on Monday, June 3rd. Goldman Sachs Group raised their price target on Tate & Lyle from GBX 720 ($9.41) to GBX 730 ($9.54) and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Finally, Deutsche Bank restated a “hold” rating on shares of Tate & Lyle in a research report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 740.71 ($9.68).
TATE traded down GBX 0.80 ($0.01) during trading on Thursday, reaching GBX 691.20 ($9.03). 1,918,087 shares of the company traded hands, compared to its average volume of 2,840,000. The company has a debt-to-equity ratio of 40.09, a quick ratio of 0.88 and a current ratio of 1.61. The company has a market cap of $3.24 billion and a P/E ratio of 17.91. Tate & Lyle has a 12-month low of GBX 628.20 ($8.21) and a 12-month high of GBX 810 ($10.58). The firm has a fifty day simple moving average of GBX 718.91 and a 200 day simple moving average of GBX 738.69.
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.
Featured Article: How is the LIBOR rate calculated?
Receive News & Ratings for Tate & Lyle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tate & Lyle and related companies with MarketBeat.com's FREE daily email newsletter.