Tate & Lyle (LON:TATE) Stock Rating Reaffirmed by Goldman Sachs Group
Tate & Lyle (LON:TATE)‘s stock had its “buy” rating reiterated by equities researchers at Goldman Sachs Group in a research report issued on Tuesday, Stock Target Advisor reports.
A number of other analysts also recently weighed in on TATE. Investec downgraded Tate & Lyle to a “sell” rating in a report on Thursday, February 6th. Barclays restated an “overweight” rating on shares of Tate & Lyle in a report on Wednesday, November 27th. Deutsche Bank restated a “hold” rating and issued a GBX 720 ($9.47) price objective on shares of Tate & Lyle in a report on Friday, February 7th. Berenberg Bank increased their price objective on Tate & Lyle from GBX 795 ($10.46) to GBX 810 ($10.66) and gave the company a “hold” rating in a report on Monday, February 10th. Finally, Jefferies Financial Group upgraded Tate & Lyle to a “hold” rating and increased their price objective for the company from GBX 635 ($8.35) to GBX 770 ($10.13) in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Tate & Lyle currently has a consensus rating of “Hold” and a consensus price target of GBX 784.29 ($10.32).
LON TATE traded down GBX 14 ($0.18) on Tuesday, reaching GBX 539.20 ($7.09). The company had a trading volume of 3,768,120 shares, compared to its average volume of 2,840,000. The firm has a market cap of $2.53 billion and a price-to-earnings ratio of 11.00. Tate & Lyle has a fifty-two week low of GBX 662.80 ($8.72) and a fifty-two week high of GBX 811.40 ($10.67). The business has a 50 day moving average of GBX 737.49 and a two-hundred day moving average of GBX 733.36. The company has a debt-to-equity ratio of 57.62, a current ratio of 1.67 and a quick ratio of 1.01.
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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