Tate & Lyle PLC (LON:TATE) has been assigned an average recommendation of “Hold” from the fifteen analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 765.54 ($10.10).
A number of research analysts have recently weighed in on TATE shares. Jefferies Group LLC raised Tate & Lyle PLC to a “buy” rating and lowered their price objective for the company from GBX 800 ($10.56) to GBX 750 ($9.90) in a research report on Monday, October 23rd. Liberum Capital reaffirmed a “buy” rating and set a GBX 850 ($11.22) price objective on shares of Tate & Lyle PLC in a research report on Wednesday, August 30th. Kepler Capital Markets reissued a “hold” rating and set a GBX 660 ($8.71) target price on shares of Tate & Lyle PLC in a research note on Thursday. Berenberg Bank decreased their target price on Tate & Lyle PLC from GBX 805 ($10.62) to GBX 730 ($9.63) and set a “hold” rating on the stock in a research note on Friday, September 22nd. Finally, Deutsche Bank AG reissued a “hold” rating and set a GBX 725 ($9.57) target price on shares of Tate & Lyle PLC in a research note on Friday, July 7th.
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Tate & Lyle PLC (LON:TATE) traded up GBX 25.50 ($0.34) during mid-day trading on Friday, hitting GBX 690 ($9.11). The stock had a trading volume of 3,949,401 shares.
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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