Liberum Capital reaffirmed their buy rating on shares of Tate & Lyle PLC (LON:TATE) in a research report sent to investors on Tuesday morning. Liberum Capital currently has a GBX 850 ($11.22) target price on the stock.
TATE has been the topic of several other reports. Deutsche Bank AG reaffirmed a hold rating and set a GBX 725 ($9.57) price objective on shares of Tate & Lyle PLC in a report on Friday, July 7th. Jefferies Group LLC upgraded Tate & Lyle PLC to a buy rating and decreased their price target for the company from GBX 800 ($10.56) to GBX 750 ($9.90) in a research report on Monday, October 23rd. Kepler Capital Markets reiterated a reduce rating and set a GBX 690 ($9.11) price target on shares of Tate & Lyle PLC in a research report on Thursday, July 27th. Credit Suisse Group decreased their price target on Tate & Lyle PLC from GBX 780 ($10.29) to GBX 710 ($9.37) and set a neutral rating on the stock in a research report on Tuesday, October 17th. Finally, Berenberg Bank decreased their price target 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 report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 765.54 ($10.10).
Shares of Tate & Lyle PLC (LON:TATE) traded up GBX 25.50 ($0.34) on Tuesday, reaching GBX 690 ($9.11). 3,949,401 shares of the company traded hands.
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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