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

Tate & Lyle (LON:TATE) had its price target lowered by research analysts at Citigroup from GBX 725 ($9.19) to GBX 610 ($7.74) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective suggests a potential upside of 8.35% from the company’s previous close.

TATE has been the subject of several other research reports. Berenberg Bank cut Tate & Lyle to a “hold” rating and decreased their price objective for the company from GBX 900 ($11.41) to GBX 600 ($7.61) in a report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Tate & Lyle from GBX 850 ($10.78) to GBX 950 ($12.05) and gave the company a “buy” rating in a research note on Wednesday, December 11th.

Tate & Lyle Stock Down 0.4 %

LON:TATE opened at GBX 563 ($7.14) on Tuesday. The company has a debt-to-equity ratio of 47.66, a current ratio of 3.22 and a quick ratio of 1.77. The company’s fifty day moving average price is GBX 633.29 and its 200-day moving average price is GBX 682.56. Tate & Lyle has a 1-year low of GBX 531.50 ($6.74) and a 1-year high of GBX 848.50 ($10.76). The firm has a market capitalization of £2.45 billion, a P/E ratio of 11.74, 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.