Tate & Lyle PLC with ticker (LON:TATE) now has a potential upside of 28.6% according to Berenberg Bank.
Berenberg Bank set a target price of 950 GBX for the company, which when compared to the Tate & Lyle PLC share price of 678 GBX at opening today (08/11/2021) indicates a potential upside of 28.6%. Trading has ranged between 634 (52 week low) and 821 (52 week high) with an average of 1,409,102 shares exchanging hands daily. The market capitalisation at the time of writing is £3,137,970,075.
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. The Bulk Ingredients segment’s product lines include bulk sweeteners for food and beverage customers, and industrial starches for paper and construction industries. The Company’s portfolio of products includes DOLCIA PRIMA Allulose, PUREFRUIT Monk Fruit Extract, TASTEVA Stevia Sweetener, CLARIA Functional Clean-Label Starches, PROMITOR Soluble Fibre, PromOat Beta Glucan and SODA-LO Salt Microspheres. The Company operates primarily in two industries: corn wet milling and sweeteners. The Company operates a network of corn elevator facilities across the United States Midwest.
Tate & Lyle PLC 28.6% potential upside indicated by Berenberg Bank
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- Written by: Anthony Fox
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