In a report released today, Alex Sloane from Barclays downgraded Tate & Lyle to a Hold, with a price target of £4.30. The company’s shares closed yesterday at p375.14.
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According to TipRanks, Sloane is an analyst with an average return of -3.5% and a 43.75% success rate. Sloane covers the Consumer Defensive sector, focusing on stocks such as Kerry Group plc, Tate & Lyle, and Glanbia.
Tate & Lyle has an analyst consensus of Moderate Buy, with a price target consensus of p628.14.
TATE market cap is currently £1.73B and has a P/E ratio of 31.73.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TATE in relation to earlier this year.
Read More on GB:TATE:
Disclaimer & DisclosureReport an Issue
- Tate & Lyle price target lowered to 540 GBp from 670 GBp at Citi
- Tate & Lyle Faces Downgrade Amid Declining Demand and Profit Guidance Reduction
- Tate & Lyle Reports Progress Amid Market Challenges
- Tate & Lyle downgraded to Underweight from Equal Weight at Morgan Stanley
- Tate & Lyle initiated with an Equal Weight at Morgan Stanley
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