Liberum Capital reiterated their buy rating on shares of Tate & Lyle (LON:TATE) in a research report report published on Thursday morning, ThisIsMoney.Co.Uk reports.
Other research analysts have also issued research reports about the stock. Jefferies Financial Group reduced their target price on shares of Tate & Lyle from GBX 725 ($9.47) to GBX 700 ($9.15) and set a hold rating on the stock in a research note on Tuesday, April 9th. Deutsche Bank reaffirmed a hold rating and issued a GBX 675 ($8.82) target price on shares of Tate & Lyle in a research note on Monday, February 11th. Goldman Sachs Group raised their target price on shares of Tate & Lyle from GBX 700 ($9.15) to GBX 720 ($9.41) and gave the company a neutral rating in a research note on Friday, February 8th. Shore Capital reaffirmed a hold rating on shares of Tate & Lyle in a research note on Tuesday, March 26th. Finally, Barclays began coverage on shares of Tate & Lyle in a research note on Tuesday, March 19th. They issued an overweight rating and a GBX 800 ($10.45) target price on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of GBX 730.91 ($9.55).
Shares of LON TATE opened at GBX 759.60 ($9.93) on Thursday. The stock has a market capitalization of $3.53 billion and a PE ratio of 15.99. The company has a debt-to-equity ratio of 42.56, a quick ratio of 1.29 and a current ratio of 2.23. Tate & Lyle has a 1 year low of GBX 596.20 ($7.79) and a 1 year high of GBX 810 ($10.58).
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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