Tate & Lyle plc (LON:TATE)‘s stock had its “buy” rating reissued by Liberum Capital in a research note issued on Monday, November 6th, StockTargetPrices.com reports. They currently have a GBX 850 ($11.18) target price on the stock. Liberum Capital’s price target would suggest a potential upside of 24.36% from the company’s previous close.
TATE has been the subject of several other reports. Jefferies Group LLC raised Tate & Lyle to a “buy” rating and lowered their price objective for the company from GBX 800 ($10.52) to GBX 750 ($9.86) in a research note on Monday, October 23rd. Shore Capital reaffirmed a “hold” rating on shares of Tate & Lyle in a research note on Thursday, November 2nd. Kepler Capital Markets reissued a “reduce” rating and set a GBX 690 ($9.08) price target on shares of Tate & Lyle in a research note on Thursday, July 27th. Credit Suisse Group reissued a “neutral” rating and set a GBX 710 ($9.34) price target on shares of Tate & Lyle in a research note on Friday, November 3rd. Finally, Deutsche Bank AG reissued a “hold” rating and set a GBX 725 ($9.54) price target on shares of Tate & Lyle in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. Tate & Lyle presently has a consensus rating of “Hold” and a consensus target price of GBX 743.36 ($9.78).
Tate & Lyle (TATE) traded down GBX 10.50 ($0.14) during trading hours on Monday, hitting GBX 683.50 ($8.99). The stock had a trading volume of 1,815,684 shares, compared to its average volume of 2,860,000. Tate & Lyle has a 1-year low of GBX 622 ($8.18) and a 1-year high of GBX 796.50 ($10.48).
About Tate & Lyle
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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