Tate & Lyle PLC 21.9% potential upside indicated by Barclays

Tate & Lyle PLC with ticker (LON:TATE) now has a potential upside of 21.9% according to Barclays.



Barclays set a target price of 790 GBX for the company, which when compared to the Tate & Lyle PLC share price of 648 GBX at opening today (12/04/2024) indicates a potential upside of 21.9%. Trading has ranged between 587 (52 week low) and 838 (52 week high) with an average of 1,208,452 shares exchanging hands daily. The market capitalisation at the time of writing is £2,574,861,104.

Tate & Lyle PLC is engaged in providing ingredients and solutions to the food, beverage, and other industries. The Company operates through three segments: Food & Beverage Solutions, Sucralose, and Primary Products. The Food & Beverage Solutions segment operates in the categories of beverages, dairy, soups, sauces, and dressings. The Sucralose segment includes sweetener, which is used in various food categories and beverages. The Primary Products segment includes sweeteners and industrial starches. It provides customers with ingredients and solutions that deliver sweetening, mouthfeel and fortification to a range of foods and beverages. The Company offers solutions which reduce sugar, calories, and fat, add fiber and protein, and provide texture and stability in categories, including beverages, dairy, bakery, snacks, soups, sauces, and dressings. The Company operates in approximately 57 locations across 39 countries.