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Goldman Sachs announced Tate Lyle PLC (LON:TATE), dropping its stock price target to 720.00GBX today

Just yesterday Tate Lyle PLC (LON:TATE) traded 0.53% higher at 678.00GBX. Tate Lyle PLC’s 50-day moving average is 741.65GBX and its 200-day moving average is 703.16GBX. The last stock price is down -5.36% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 259,337 shares of TATE traded hands, down from an average trading volume of 2,087,430

In a report released on 12/02/2016 Goldman Sachs reduced the stock price target of Tate Lyle PLC (LON:TATE) from 750.00GBX to 720.00GBX reporting a possible upside of 0.06%.

Previously on 03/04/2016, Credit Suisse released a statement about Tate Lyle PLC (LON:TATE) increased the target price from 0.00GBX to 585.00GBX. At the time, this indicated a possible upside of 0.01%.

Recent Performance Chart

Tate Lyle PLC (LON:TATE)

Tate Lyle PLC has 52 week low of 529.00GBX and a 52 week high of 850.00GBX with a PE ratio of 12.80 and has a market capitalization of 0 GBX.

In addition to Goldman Sachs 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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