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

Tate & Lyle (LON:TATE) had its target price lowered by analysts at Citigroup from GBX 725 ($9.15) to GBX 610 ($7.70) in a research note issued to investors on Tuesday,Digital Look reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price would indicate a potential upside of 7.96% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Berenberg Bank downgraded Tate & Lyle to a “hold” rating and dropped their target price for the stock from GBX 900 ($11.36) to GBX 600 ($7.57) in a report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Tate & Lyle from GBX 850 ($10.73) to GBX 950 ($11.99) and gave the stock a “buy” rating in a research note on Wednesday, December 11th.

Tate & Lyle Stock Performance

Shares of LON TATE traded up GBX 0.01 ($0.00) during trading hours on Tuesday, reaching GBX 565.01 ($7.13). 1,042,163 shares of the stock were exchanged, compared to its average volume of 3,584,743. The stock’s fifty day simple moving average is GBX 638.42 and its 200 day simple moving average is GBX 683.93. The firm has a market capitalization of £2.46 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 1.37 and a beta of 0.50. Tate & Lyle has a 52 week low of GBX 531.50 ($6.71) and a 52 week high of GBX 848.50 ($10.71). The company has a debt-to-equity ratio of 47.66, a quick ratio of 1.77 and a current ratio of 3.22.

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.