Tate & Lyle (TATE) Shares Down 0%
Tate & Lyle PLC (LON:TATE) was down 0% on Monday . The company traded as low as GBX 685.40 ($9.29) and last traded at GBX 689.80 ($9.35). Approximately 2,100,000 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 3,530,000 shares. The stock had previously closed at GBX 689.80 ($9.35).
TATE has been the subject of a number of recent research reports. Jefferies Group upgraded Tate & Lyle to a “buy” rating and lowered their price objective for the stock from GBX 800 ($10.85) to GBX 750 ($10.17) in a research note on Monday, October 23rd. Deutsche Bank restated a “hold” rating and set a GBX 725 ($9.83) price objective on shares of Tate & Lyle in a research note on Friday, November 3rd. Liberum Capital restated a “buy” rating and set a GBX 850 ($11.53) price objective on shares of Tate & Lyle in a research note on Tuesday, December 19th. Credit Suisse Group restated a “neutral” rating and set a GBX 710 ($9.63) price objective on shares of Tate & Lyle in a research note on Friday, November 3rd. Finally, Berenberg Bank lowered their price objective on Tate & Lyle from GBX 805 ($10.92) to GBX 730 ($9.90) and set a “hold” rating for the company in a research note on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 743.36 ($10.08).
The stock has a market capitalization of $3,200.00 and a PE ratio of 1,296.60.
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Tate & Lyle Company Profile
Tate & Lyle PLC is a provider of ingredients and solutions to the food, beverage and other industries. The Company’s segments include Speciality Food Ingredients and Bulk Ingredients. The Speciality Food Ingredients segment’s product categories include dairy, beverage, bakery and convenience. The Bulk Ingredients segment’s product lines include bulk sweeteners for food and beverage customers, and industrial starches for paper and construction industries.
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