Tate & Lyle PLC (LON:TATE) had its price target lowered by equities researchers at Credit Suisse Group from GBX 780 ($10.26) to GBX 710 ($9.34) in a research note issued on Tuesday, October 17th. The firm presently has a “neutral” rating on the stock. Credit Suisse Group’s target price suggests a potential upside of 1.28% from the company’s previous close.
A number of other brokerages also recently issued reports on TATE. Shore Capital reaffirmed a “hold” rating on shares of Tate & Lyle PLC in a research note on Friday, July 28th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 850 ($11.18) price target on shares of Tate & Lyle PLC in a research note on Thursday, July 27th. Deutsche Bank AG cut Tate & Lyle PLC to a “hold” rating and reduced their target price for the company from GBX 875 ($11.51) to GBX 725 ($9.54) in a research note on Friday, June 30th. Berenberg Bank reduced their target price on Tate & Lyle PLC from GBX 805 ($10.59) to GBX 730 ($9.60) and set a “hold” rating on the stock in a research note on Friday, September 22nd. Finally, Kepler Capital Markets reissued a “reduce” rating and set a GBX 690 ($9.08) target price on shares of Tate & Lyle PLC in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 743.36 ($9.78).
Tate & Lyle PLC (LON:TATE) traded up GBX 11 ($0.14) during mid-day trading on Tuesday, reaching GBX 701 ($9.22). The company’s stock had a trading volume of 3,573,027 shares, compared to its average volume of 2,130,000. Tate & Lyle PLC has a 1-year low of GBX 622 ($8.18) and a 1-year high of GBX 809 ($10.64).
Tate & Lyle PLC Company Profile
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.
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