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Tate & Lyle PLC 23.7% Potential Decrease Indicated by Exane BNP Paribas

Tate & Lyle PLC with EPIC/TICKER LON:TATE had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERPERFORM’ today by analysts at Exane BNP Paribas. Tate & Lyle PLC are listed in the Consumer Goods sector within UK Main Market. Exane BNP Paribas have set a target price of 590 GBX on its stock. This indicates the analyst believes there is a potential downside of 23.7% from the opening price of 773 GBX. Over the last 30 and 90 trading days the company share price has increased 41 points and increased 81.5 points respectively.

 
Tate & Lyle PLC LON:TATE has a 50 day moving average of 721.40 GBX and a 200 Day Moving Average share price is recorded at 719.35 GBX. The 52 week high for the share price is currently at 850 GBX while the 52 week low is 549 GBX. There are currently 464,678,706 shares in issue with the average daily volume traded being 2,091,041. Market capitalisation for LON:TATE is £3,587,319,610 GBP.

 

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.

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