Tate & Lyle PLC (TATE) Receives Hold Rating from Kepler Capital Markets

Kepler Capital Markets restated their hold rating on shares of Tate & Lyle PLC (LON:TATE) in a research note released on Thursday morning. The brokerage currently has a GBX 660 ($8.71) target price on the stock.

Several other analysts have also weighed in on the stock. Liberum Capital reaffirmed a buy rating and set a GBX 850 ($11.22) price objective on shares of Tate & Lyle PLC in a report on Wednesday, August 30th. Jefferies Group LLC raised shares of Tate & Lyle PLC to a buy rating and dropped their price objective for the stock from GBX 800 ($10.56) to GBX 750 ($9.90) in a report on Monday, October 23rd. Shore Capital reaffirmed a hold rating on shares of Tate & Lyle PLC in a report on Friday, July 28th. Berenberg Bank dropped their price objective on shares of Tate & Lyle PLC from GBX 805 ($10.62) to GBX 730 ($9.63) and set a hold rating for the company in a report on Friday, September 22nd. Finally, 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. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 765.54 ($10.10).

Tate & Lyle PLC (LON TATE) traded up GBX 15.11 ($0.20) during trading hours on Thursday, reaching GBX 690.61 ($9.11). 3,950,000 shares of the company traded hands, compared to its average volume of 2,050,000. Tate & Lyle PLC has a 52-week low of GBX 622 ($8.21) and a 52-week high of GBX 850 ($11.22).

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About Tate & Lyle PLC

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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