Tate & Lyle PLC 38.0% potential upside indicated by Berenberg Bank

Tate & Lyle PLC with ticker (LON:TATE) now has a potential upside of 38.0% according to Berenberg Bank.

TATE.L

Berenberg Bank set a target price of 860 GBX for the company, which when compared to the Tate & Lyle PLC share price of 623 GBX at opening today (21/06/2024) indicates a potential upside of 38.0%. Trading has ranged between 587 (52 week low) and 778 (52 week high) with an average of 1,665,740 shares exchanging hands daily. The market capitalisation at the time of writing is £2,528,758,155.

Tate & Lyle PLC is a specialty food and beverage solutions company. The Company 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 Europe. 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 Europe 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. It operates in approximately 57 locations across 39 countries.