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The latest announcement is out from Tate & Lyle ( (GB:TATE) ).
Tate & Lyle PLC has issued a pre-close statement ahead of its six-month results announcement, highlighting strong customer engagement and early cross-selling successes following its combination with CP Kelco. Despite a slowdown in market demand impacting short-term financial performance, the company is accelerating efforts to drive top-line growth through enhanced customer segmentation and innovation. The integration with CP Kelco is expected to deliver revenue and cost synergies, positioning Tate & Lyle for improved performance in the future, despite current economic volatility.
The most recent analyst rating on (GB:TATE) stock is a Buy with a £6.50 price target. To see the full list of analyst forecasts on Tate & Lyle stock, see the GB:TATE Stock Forecast page.
Spark’s Take on GB:TATE Stock
According to Spark, TipRanks’ AI Analyst, GB:TATE is a Neutral.
Tate & Lyle’s overall stock score is driven by strong earnings call highlights, including strategic growth and robust EBITDA performance. Financial stability and a reasonable dividend yield support the score, though technical indicators and valuation suggest caution.
To see Spark’s full report on GB:TATE stock, click here.
More about Tate & Lyle
Tate & Lyle PLC is a global leader in ingredient innovation, providing solutions that enhance the taste and healthiness of food and beverages. With expertise in sweetening, mouthfeel, and fortification, the company develops ingredients that reduce sugar, calories, and fat, while adding fiber and protein. Tate & Lyle serves customers in over 120 countries, operating in diverse food categories such as beverages, dairy, bakery, and snacks. The recent acquisition of CP Kelco has strengthened its position in the market by enhancing its solutions capabilities.
Average Trading Volume: 1,160,841
Technical Sentiment Signal: Sell
Current Market Cap: £1.97B
Learn more about TATE stock on TipRanks’ Stock Analysis page.