Tate & Lyle (LON:TATE - Get Free Report) had its price objective decreased by equities research analysts at Citigroup from GBX 725 ($9.12) to GBX 610 ($7.67) in a note issued to investors on Tuesday, Marketbeat reports. The firm presently has a "neutral" rating on the stock. Citigroup's price objective indicates a potential upside of 11.92% from the stock's previous close.
A number of other equities research analysts have also weighed in on TATE. Deutsche Bank Aktiengesellschaft lifted their price objective on Tate & Lyle from GBX 850 ($10.69) to GBX 950 ($11.95) and gave the company a "buy" rating in a report on Wednesday, December 11th. Berenberg Bank lowered Tate & Lyle to a "hold" rating and lowered their price objective for the company from GBX 900 ($11.32) to GBX 600 ($7.55) in a report on Tuesday, February 18th.
View Our Latest Stock Report on TATE
Tate & Lyle Stock Performance
TATE stock traded up GBX 2.52 ($0.03) during trading on Tuesday, hitting GBX 545.02 ($6.85). The company had a trading volume of 1,992,584 shares, compared to its average volume of 3,452,767. Tate & Lyle has a 1-year low of GBX 531.50 ($6.68) and a 1-year high of GBX 848.50 ($10.67). The firm has a 50-day moving average price of GBX 627.92 and a 200-day moving average price of GBX 680.91. The firm has a market cap of £2.37 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 1.37 and a beta of 0.50. The company has a quick ratio of 1.77, a current ratio of 3.22 and a debt-to-equity ratio of 47.66.
Insider Transactions at Tate & Lyle
In other news, insider Sarah Kuijlaars purchased 20,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of GBX 564 ($7.09) per share, with a total value of £112,800 ($141,851.11). Corporate insiders own 2.22% of the company's stock.
Tate & Lyle Company Profile
(
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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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