Tate & Lyle PLC (TATE) Earns “Hold” Rating from Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of Tate & Lyle PLC (LON:TATE) in a report issued on Thursday. The firm currently has a GBX 730 ($9.63) price objective on the stock.

Other equities research analysts also recently issued research reports about the company. Jefferies Group LLC upgraded Tate & Lyle PLC to a buy rating and decreased their price target for the stock from GBX 800 ($10.56) to GBX 750 ($9.90) in a report on Monday, October 23rd. Liberum Capital reiterated a buy rating and set a GBX 850 ($11.22) price target on shares of Tate & Lyle PLC in a report on Wednesday, August 30th. Shore Capital reiterated a hold rating on shares of Tate & Lyle PLC in a report on Thursday. Kepler Capital Markets restated a hold rating and issued a GBX 660 ($8.71) price objective on shares of Tate & Lyle PLC in a research note on Thursday. Finally, Deutsche Bank AG restated a hold rating and issued a GBX 725 ($9.57) price objective on shares of Tate & Lyle PLC in a research note on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of GBX 743.36 ($9.81).

Shares of Tate & Lyle PLC (LON:TATE) opened at GBX 690.61 ($9.11) on Thursday. 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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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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