Tate & Lyle PLC (LON:TATE)’s share price fell 0% during trading on Wednesday . The stock traded as low as GBX 680.20 ($9.22) and last traded at GBX 681.80 ($9.25). 2,700,000 shares changed hands during trading, an increase of 34% from the average session volume of 2,010,000 shares. The stock had previously closed at GBX 681.80 ($9.25).
Several research firms have recently commented on TATE. Liberum Capital reaffirmed a “buy” rating and set a GBX 850 ($11.53) target price on shares of Tate & Lyle in a report on Tuesday, December 19th. Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 710 ($9.63) target price on shares of Tate & Lyle in a report on Friday, November 3rd. Shore Capital reaffirmed a “hold” rating on shares of Tate & Lyle in a report on Tuesday. Shore Capital Group reaffirmed a “hold” rating on shares of Tate & Lyle in a report on Thursday, November 2nd. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 730 ($9.90) target price on shares of Tate & Lyle in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 743.36 ($10.08).
The stock has a market capitalization of $3,130.00 and a P/E ratio of 1,268.30.
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About Tate & Lyle
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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