Tate & Lyle (LON:TATE) Given “Hold” Rating at Berenberg Bank

Tate & Lyle (LON:TATE)‘s stock had its “hold” rating reissued by Berenberg Bank in a note issued to investors on Friday,Digital Look reports. They currently have a GBX 450 price target on the stock. Berenberg Bank’s price target indicates a potential upside of 15.86% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Citigroup lowered their target price on shares of Tate & Lyle from GBX 670 to GBX 540 and set a “buy” rating for the company in a research note on Thursday, October 2nd. UBS Group decreased their price target on shares of Tate & Lyle from GBX 590 to GBX 390 and set a “neutral” rating for the company in a report on Friday, October 31st. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Tate & Lyle from GBX 800 to GBX 460 and set a “buy” rating for the company in a research report on Thursday, October 2nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Tate & Lyle presently has an average rating of “Moderate Buy” and a consensus price target of GBX 460.

Tate & Lyle Price Performance

Shares of TATE opened at GBX 388.40 on Friday. The stock has a market cap of £1.72 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 1.37 and a beta of 0.50. Tate & Lyle has a 1 year low of GBX 358 and a 1 year high of GBX 775.50. The stock’s 50-day moving average price is GBX 430.75 and its two-hundred day moving average price is GBX 504.90. The company has a current ratio of 3.22, a quick ratio of 1.77 and a debt-to-equity ratio of 47.66.

Tate & Lyle (LON:TATE) last announced its quarterly earnings results on Thursday, November 6th. The company reported GBX 12.60 EPS for the quarter. Tate & Lyle had a return on equity of 15.37% and a net margin of 11.41%. On average, equities analysts predict that Tate & Lyle will post 51.3392857 earnings per share for the current year.

Insider Buying and Selling

In other Tate & Lyle news, insider Nick Hampton purchased 25,000 shares of the firm’s stock in a transaction dated Friday, October 3rd. The stock was bought at an average cost of GBX 369 per share, with a total value of £92,250. Also, insider Steve Foots acquired 16,000 shares of the stock in a transaction dated Monday, October 6th. The stock was acquired at an average price of GBX 370 per share, for a total transaction of £59,200. Corporate insiders own 1.66% of the company’s stock.

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.