Tate & Lyle (LON:TATE) Price Target Lowered to GBX 610 at Citigroup

Tate & Lyle (LON:TATE) had its target price decreased by Citigroup from GBX 725 ($9.19) to GBX 610 ($7.73) in a research note released on Tuesday, Marketbeat reports. Citigroup currently has a neutral rating on the stock.

Several other research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted 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. Berenberg Bank lowered Tate & Lyle to a “hold” rating and cut their price objective for the company from GBX 900 ($11.41) to GBX 600 ($7.60) in a report on Tuesday, February 18th.

Tate & Lyle Price Performance

Shares of TATE stock opened at GBX 565.01 ($7.16) on Tuesday. Tate & Lyle has a 52-week low of GBX 531.50 ($6.74) and a 52-week high of GBX 848.50 ($10.75). 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 firm has a market capitalization of £2.46 billion, a P/E ratio of 11.78, a P/E/G ratio of 1.37 and a beta of 0.50. The stock has a 50 day moving average price of GBX 638.42 and a 200 day moving average price of GBX 683.93.

Tate & Lyle Company Profile

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.