Tate & Lyle (LON:TATE) Rating Reiterated by Numis Securities

Tate & Lyle (LON:TATE – Get Rating)‘s stock had its “buy” rating reiterated by equities research analysts at Numis Securities in a note issued to investors on Thursday, MarketBeat reports. They presently have a GBX 975 ($12.13) target price on the stock. Numis Securities’ price objective would suggest a potential upside of 21.95% from the company’s previous close.

Several other analysts also recently commented on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 810 ($10.07) target price on shares of Tate & Lyle in a report on Wednesday, May 17th. Berenberg Bank restated a “buy” rating and set a GBX 940 ($11.69) price objective on shares of Tate & Lyle in a report on Thursday, February 9th. Finally, Barclays raised their price objective on shares of Tate & Lyle from GBX 890 ($11.07) to GBX 970 ($12.06) and gave the stock an “overweight” rating in a report on Monday, February 13th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Tate & Lyle currently has a consensus rating of “Moderate Buy” and an average target price of GBX 909 ($11.31).

Tate & Lyle Stock Performance

Shares of TATE stock opened at GBX 799.50 ($9.94) on Thursday. The firm has a 50-day moving average of GBX 798.56 and a 200-day moving average of GBX 768.88. The company has a market cap of £3.21 billion, a P/E ratio of 4,702.94, a P/E/G ratio of 2.98 and a beta of 0.46. The company has a debt-to-equity ratio of 65.22, a current ratio of 2.64 and a quick ratio of 1.77. Tate & Lyle has a one year low of GBX 647.80 ($8.06) and a one year high of GBX 837.50 ($10.42).

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.