Tate & Lyle (LON:TATE) Rating Reaffirmed
They currently have a GBX 610 target price on Tate & Lyle (LON:TATE). The target price by Exane BNP Paribas would suggest a potential downside of -0.57% from the company’s last close price. This has been shown in a very recent research note on Thursday morning.
From a total of 13 analysts covering Tate Lyle PLC (LON:TATE) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 9 a ”Hold”. This means that 36% of the ratings are positive. The highest target price is GBX 800 while the lowest target price is GBX 575. The mean of all analyst targets is GBX 647.77 with a 5.06% above today’s (GBX 614) stock price. Tate Lyle PLC was the topic of 56 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs maintained shares on November 26 with “Neutral” rating. J.P. Morgan maintained shares with “Neutral” rating and GBX 650 target share price in a report from a November 10. Canaccord Genuity maintained TATE stock in a recent report from November 13 with “Buy” rating. JP Morgan maintained the rating on November 10. JP Morgan has a “Neutral” rating and a GBX 650 price target on shares. Finally, Credit Suisse maintained the stock with “Neutral” rating in a report issued on a November 11.
Approximately 405,741 shares of stock traded hands. Tate & Lyle PLC (LON:TATE) has risen 1.69% since May 6, 2015 and is uptrending. It has outperformed by 1.98% the S&P500.
Tate & Lyle PLC provides ingredients and solutions to the food, beverage and other industries. The company has a market cap of 2.86 billion GBP. The Firm operates through two business divisions: Speciality Food Ingredients, which offers products, such as sweeteners, texturants, health and wellness, and food systems, and Bulk Ingredients segment, which offers products, such as liquid sweeteners, industrial starches, citric acid, bio-fuels and animal feed. It has 152.85 P/E ratio. The Firm operates a network of corn wet mills in the United States and Europe.