Tate & Lyle (LON:TATE) Rating Lowered to Hold at Berenberg Bank

Berenberg Bank cut shares of Tate & Lyle (LON:TATE - Free Report) to a hold rating in a research note published on Tuesday, MarketBeat reports. They currently have GBX 600 ($7.60) price target on the stock, down from their prior price target of GBX 900 ($11.40).

Separately, Deutsche Bank Aktiengesellschaft increased their target price on Tate & Lyle from GBX 850 ($10.77) to GBX 950 ($12.04) and gave the stock a "buy" rating in a research note on Wednesday, December 11th.

Tate & Lyle Price Performance

Shares of LON TATE remained flat at GBX 543.50 ($6.89) during mid-day trading on Tuesday. The company had a trading volume of 587,669 shares, compared to its average volume of 3,802,381. Tate & Lyle has a 52-week low of GBX 531.50 ($6.73) and a 52-week high of GBX 848.50 ($10.75). The company has a market capitalization of £2.37 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 1.37 and a beta of 0.50. The company has a debt-to-equity ratio of 47.66, a quick ratio of 1.77 and a current ratio of 3.22. The business's fifty day moving average is GBX 644.37 and its 200 day moving average is GBX 684.37.

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.