A report released today by Exane BNP Paribas about Tate Lyle PLC (LON:TATE) bumps the target price to 770.00GBX
- Updated: October 13, 2016
Boasting a price of 798.75GBX, Tate Lyle PLC (LON:TATE) traded 0.50% higher on the day. With the last close up 19.26% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Tate Lyle PLC has recorded a 50-day average of 742.06GBX and a two hundred day average of 669.94GBX. Volume of trade was down over the average, with 189,681 shares of TATE changing hands under the typical 1,605,160
Exane BNP Paribas bumped up the target of Tate Lyle PLC (LON:TATE) to 770.00GBX stating a potential downside of -0.04%.
On 10/10/2016, Liberum Capital released a statement on Tate Lyle PLC (LON:TATE) maintained the target price at 795.00GBX that suggested an upside of 0.02%.
With a total market value of 0 GBX, Tate Lyle PLC has 52 week low of 529.00GBX and a 52 week high of 800.78GBX with a PE ratio of 22.89 .
In addition to Exane BNP Paribas reporting its stock price target, a total of 12 brokerages have issued a research note on the company. The average stock price target is 690.42GBX with 3 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 10 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Tate Lyle PLC (LON:TATE)
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. The Company's portfolio of products includes DOLCIA PRIMA Allulose, PUREFRUIT Monk Fruit Extract, TASTEVA Stevia Sweetener, CLARIA Functional Clean-Label Starches, PROMITOR Soluble Fibre, PromOat Beta Glucan and SODA-LO Salt Microspheres. The Company operates primarily in two industries: corn wet milling and sweeteners. The Company operates a network of corn elevator facilities across the United States Midwest.
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