Tate & Lyle PLC (LON:TATE) fell 0.2% during mid-day trading on Monday . The stock traded as low as GBX 649 ($8.75) and last traded at GBX 651 ($8.78). 804,625 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 1,560,480 shares. The stock had previously closed at GBX 652.50 ($8.80).
TATE has been the subject of several research reports. Kepler Capital Markets reaffirmed a “reduce” rating and issued a GBX 690 ($9.30) target price on shares of Tate & Lyle PLC in a research report on Tuesday, June 13th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 725 ($9.77) target price on shares of Tate & Lyle PLC in a research report on Friday, July 7th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 810 ($10.92) target price on shares of Tate & Lyle PLC in a research report on Thursday, May 25th. Shore Capital reaffirmed a “hold” rating on shares of Tate & Lyle PLC in a research report on Thursday, June 15th. Finally, Numis Securities Ltd raised Tate & Lyle PLC to an “add” rating and raised their target price for the stock from GBX 849 ($11.45) to GBX 882 ($11.89) in a research report on Monday, June 5th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company’s stock. Tate & Lyle PLC has a consensus rating of “Hold” and an average target price of GBX 778.23 ($10.49).
The company’s market capitalization is GBX 3.01 billion. The stock’s 50-day moving average price is GBX 675.75 and its 200 day moving average price is GBX 723.56.
Tate & Lyle PLC Company Profile
Tate & Lyle PLC is a provider of ingredients and solutions to the food, beverage and other industries. The Company’s segments include Speciality Food Ingredients and Bulk Ingredients. The Speciality Food Ingredients segment’s product categories include dairy, beverage, bakery and convenience. The Bulk Ingredients segment’s product lines include bulk sweeteners for food and beverage customers, and industrial starches for paper and construction industries.
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