A Lower Rating Has Been Given to Tate Lyle PLC (LON:TATE) By a Kepler Cheuvreux. GBX 620.00 is The Target Price

June 12, 2018 - By Darrin Black

Tate & Lyle plc (LON:TATE) Logo

Tate Lyle PLC (LON:TATE) Receives a Downgrade

Tate Lyle PLC (LON:TATE)‘s rating has just been lowered by research analysts at Kepler Cheuvreux to a Reduce. They now have a target price of GBX 620.00 on TATE. This target price suggests a possible downside of -7.06 % from the current price of the stock.

Tate & Lyle plc (LON:TATE) Ratings Coverage

Among 12 analysts covering Tate Lyle PLC (LON:TATE), 3 have Buy rating, 1 Sell and 8 Hold. Therefore 25% are positive. Tate Lyle PLC has GBX 900 highest and GBX 554 lowest target. GBX 699.92’s average target is 5.54% above currents GBX 663.2 stock price. Tate Lyle PLC had 33 analyst reports since December 19, 2017 according to SRatingsIntel. Credit Suisse maintained the stock with “Neutral” rating in Wednesday, June 6 report. The rating was maintained by Liberum Capital on Tuesday, January 16 with “Buy”. Investec maintained it with “Buy” rating and GBX 735 target in Monday, January 29 report. Liberum Capital maintained it with “Buy” rating and GBX 850 target in Monday, January 8 report. The stock of Tate & Lyle plc (LON:TATE) earned “Hold” rating by Shore Capital on Thursday, May 24. Deutsche Bank maintained it with “Hold” rating and GBX 650 target in Monday, February 12 report. The stock has “Buy” rating by Liberum Capital on Wednesday, May 23. The stock has “Hold” rating by Kepler Cheuvreux on Thursday, February 8. Credit Agricole maintained it with “Neutral” rating and GBX 670 target in Thursday, February 8 report. Berenberg maintained Tate & Lyle plc (LON:TATE) rating on Friday, May 25. Berenberg has “Hold” rating and GBX 730 target.

The stock decreased 2.33% or GBX 15.8 during the last trading session, reaching GBX 663.2. About 877,148 shares traded. Tate & Lyle plc (LON:TATE) has 0.00% since June 12, 2017 and is . It has underperformed by 12.57% the S&P500.

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. The company has market cap of 3.08 billion GBP. It operates through two divisions, Speciality Food Ingredients and Bulk Ingredients. It has a 12.43 P/E ratio. The firm offers texturants, including corn starches, clean-label starches, and stabilizer systems; sweeteners, such as high intensity sweeteners and specialty sweeteners; and health and wellness ingredients comprising dietary fibers and oat proteins.

Another recent and important Tate & Lyle plc (LON:TATE) news was published by Equitiesfocus.com which published an article titled: “Tate & Lyle (LON:TATE) PT Raised to GBX 900” on June 07, 2018.

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