Tate & Lyle (LON:TATE) Earns Neutral Rating from UBS Group

Tate & Lyle (LON:TATE)‘s stock had its “neutral” rating reiterated by investment analysts at UBS Group in a research report issued on Monday,Digital Look reports. They presently have a GBX 375 price objective on the stock. UBS Group’s target price would suggest a potential downside of 29.64% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft upgraded Tate & Lyle to a “buy” rating and lifted their target price for the company from GBX 460 to GBX 595 in a report on Friday. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Tate & Lyle presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 490.

Tate & Lyle Stock Down 1.4%

Shares of LON TATE opened at GBX 533 on Monday. Tate & Lyle has a 52-week low of GBX 319.40 and a 52-week high of GBX 610. The firm has a fifty day moving average of GBX 360.81 and a 200-day moving average of GBX 372.47. The stock has a market capitalization of £2.35 billion, a PE ratio of 95.18, a P/E/G ratio of 1.37 and a beta of 0.28. The company has a quick ratio of 1.77, a current ratio of 2.19 and a debt-to-equity ratio of 83.31.

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. The company offers dairy products, soups, sauces, and dressings; bakery products and snacks; texturants; nutritive sweeteners, such as high fructose corn syrup and dextrose; fibres; and stabilizers and functional systems.