Tate & Lyle (LON:TATE) Rating Reaffirmed
In a recent report released on 4 December, The Buy rating of Tate & Lyle (LON:TATE) shares was has decided to restate by Jefferies, who now has a GBX 680.00 price target on the stock. Jefferies’s price target means a possible upside of 11.66% from the close price of the company.
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 5.93% above today’s (GBX 611) stock price. Tate Lyle PLC was the topic of 58 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on December 4 with “Buy” rating. Numis Securities maintained shares with “Hold” rating and GBX 641 target share price in a report from a November 13. Goldman Sachs maintained TATE stock in a recent report from November 26 with “Neutral” rating. Credit Suisse maintained the rating on November 11. Credit Suisse has a “Neutral” rating and a GBX 600 price target on shares. Finally, Canaccord Genuity maintained the stock with “Buy” rating in a report issued on a November 13.
Approximately 590,788 shares of stock traded hands. Tate & Lyle PLC (LON:TATE) has risen 1.77% since May 7, 2015 and is uptrending. It has outperformed by 4.55% the S&P500.
Tate & Lyle PLC provides ingredients and solutions to the food, beverage and other industries. The company has a market cap of 2.85 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 152.1 P/E ratio. The Firm operates a network of corn wet mills in the United States and Europe.