Deutsche Bank issued a report on Tate Lyle PLC (LON:TATE), raising its target price to 850.00GBX today
- Updated: October 5, 2016
Tate Lyle PLC (LON:TATE) had its stock price target raised to 850.00GBX by Deutsche Bank in a report released Thursday October 06, 2016. The increased target suggests a potential upside of 0.11% from the company's most recent close.
On 9/30/2016, Liberum Capital reported about Tate Lyle PLC (LON:TATE) bumped up the target price from 790.00GBX to 795.00GBX that suggested an upside of 0.08%.
Yesterday Tate Lyle PLC (LON:TATE) traded 0.85% higher at 767.50GBX. The company’s 50-day moving average is 733.94GBX and its 200-day moving average is 661.84GBX. The last closing price is up 16.12% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 89,939 shares of TATE traded hands, down from an average trading volume of 1,673,600
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Tate Lyle PLC has a price-earnings ratio of 22.02 with a one year low of 529.00GBX and a one year high of 781.00GBX TATE’s total market value is presently 0 GBX.
A total of 12 equity analysts have released a ratings update on TATE. 3 firms rating the company a strong buy, two analysts rating the stock a buy, 10 brokers rating the company a hold, zero firms rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of 690.42GBX.
About 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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