Tate & Lyle (LON:TATE) Price Target Lowered to GBX 610 at Citigroup

Tate & Lyle (LON:TATE) had its target price trimmed by Citigroup from GBX 725 ($9.14) to GBX 610 ($7.69) in a research report released on Tuesday morning, Marketbeat reports. The firm currently has a neutral rating on the stock.

Several other equities analysts also recently weighed in on TATE. Berenberg Bank downgraded shares of Tate & Lyle to a “hold” rating and reduced their target price for the stock from GBX 900 ($11.34) to GBX 600 ($7.56) in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Tate & Lyle from GBX 850 ($10.71) to GBX 950 ($11.97) and gave the stock a “buy” rating in a report on Wednesday, December 11th.

Tate & Lyle Trading Down 3.6 %

Shares of TATE stock opened at GBX 542.50 ($6.84) on Tuesday. The company has a quick ratio of 1.77, a current ratio of 3.22 and a debt-to-equity ratio of 47.66. The company has a 50 day moving average of GBX 630.48 and a 200-day moving average of GBX 681.59. Tate & Lyle has a 12-month low of GBX 531.50 ($6.70) and a 12-month high of GBX 848.50 ($10.69). The firm has a market cap of £2.36 billion, a P/E ratio of 11.31, a PEG ratio of 1.37 and a beta of 0.50.

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.