Tate & Lyle (LON:TATE) Given “Buy” Rating at Berenberg Bank

Tate & Lyle (LON:TATE – Get Rating)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a research report issued on Friday, Marketbeat reports. They currently have a GBX 935 ($11.72) target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 27.21% from the company’s previous close.

Separately, Barclays raised their price target on shares of Tate & Lyle from GBX 930 ($11.65) to GBX 940 ($11.78) and gave the company an “overweight” rating in a research note on Monday, February 14th.

TATE stock opened at GBX 735 ($9.21) on Friday. The company has a fifty day moving average price of GBX 764.35 and a 200-day moving average price of GBX 721.79. The company has a market capitalization of £2.95 billion and a P/E ratio of 13.36. Tate & Lyle has a 52-week low of GBX 624.40 ($7.82) and a 52-week high of GBX 814.90 ($10.21). The company has a debt-to-equity ratio of 48.01, a quick ratio of 0.86 and a current ratio of 3.03.

In related news, insider Warren Tucker sold 4,321 shares of Tate & Lyle stock in a transaction on Friday, April 1st. The shares were sold at an average price of GBX 731 ($9.16), for a total transaction of £31,586.51 ($39,582.09).

Tate & Lyle Company Profile (Get Rating)

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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