Tate & Lyle (LON:TATE)‘s stock had its “neutral” rating restated by stock analysts at Credit Suisse Group in a research report issued on Friday, ThisIsMoney.Co.Uk reports.
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A number of other brokerages have also issued reports on TATE. Liberum Capital reiterated a “buy” rating on shares of Tate & Lyle in a research report on Thursday. Barclays reiterated an “overweight” rating on shares of Tate & Lyle in a research report on Wednesday, September 25th. BNP Paribas reiterated a “neutral” rating on shares of Tate & Lyle in a research report on Friday, September 6th. Deutsche Bank reiterated a “hold” rating on shares of Tate & Lyle in a research report on Friday. Finally, Bank of America started coverage on shares of Tate & Lyle in a research report on Tuesday, September 24th. They issued a “neutral” rating and a GBX 790 ($10.32) target price for the company. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 738.13 ($9.64).
TATE traded up GBX 21.60 ($0.28) on Friday, reaching GBX 718.40 ($9.39). The company had a trading volume of 2,749,956 shares, compared to its average volume of 2,840,000. The company has a fifty day moving average of GBX 696.56 and a 200-day moving average of GBX 732.64. The company has a market capitalization of $3.37 billion and a P/E ratio of 18.61. The company has a current ratio of 1.61, a quick ratio of 0.88 and a debt-to-equity ratio of 40.09. Tate & Lyle has a one year low of GBX 655 ($8.56) and a one year high of GBX 810 ($10.58).
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.
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