Tate & Lyle PLC’s (TATE) “Neutral” Rating Reaffirmed at Credit Suisse Group

Credit Suisse Group reaffirmed their neutral rating on shares of Tate & Lyle PLC (LON:TATE) in a research note published on Friday morning. The firm currently has a GBX 710 ($9.37) price objective on the stock.

Several other brokerages have also commented on TATE. Shore Capital restated a hold rating on shares of Tate & Lyle PLC in a report on Friday, July 28th. Liberum Capital restated a buy rating and issued a GBX 850 ($11.22) price objective on shares of Tate & Lyle PLC in a report on Thursday, July 27th. Deutsche Bank AG restated a hold rating and issued a GBX 725 ($9.57) price objective on shares of Tate & Lyle PLC in a report on Friday, July 28th. Berenberg Bank decreased 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, Kepler Capital Markets restated a hold rating and issued a GBX 660 ($8.71) price objective on shares of Tate & Lyle PLC in a report on Thursday. One research 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. Tate & Lyle PLC presently has an average rating of Hold and an average price target of GBX 765.54 ($10.10).

Shares of Tate & Lyle PLC (TATE) traded up GBX 15.11 ($0.20) during midday trading on Friday, reaching GBX 690.61 ($9.11). 3,950,000 shares of the company’s stock traded hands, compared to its average volume of 2,050,000. Tate & Lyle PLC has a 1-year low of GBX 622 ($8.21) and a 1-year high of GBX 850 ($11.22).

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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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