Shore Capital Reiterates Hold Rating for Tate & Lyle PLC (TATE)

Shore Capital reaffirmed their hold rating on shares of Tate & Lyle PLC (LON:TATE) in a research note released on Thursday morning, MarketBeat.com reports.

Several other research analysts also recently weighed in on the stock. Liberum Capital restated a buy rating and set a GBX 850 ($11.22) price target on shares of Tate & Lyle PLC in a research report on Wednesday, August 30th. Jefferies Group LLC upgraded shares of Tate & Lyle PLC to a buy rating and reduced their price target for the stock from GBX 800 ($10.56) to GBX 750 ($9.90) in a research report on Monday, October 23rd. Berenberg Bank reduced their price target 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 research report on Friday, September 22nd. Kepler Capital Markets restated 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. Finally, Deutsche Bank AG restated a hold rating and set a GBX 725 ($9.57) price target on shares of Tate & Lyle PLC in a research report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of GBX 743.36 ($9.81).

Tate & Lyle PLC (LON:TATE) opened at GBX 701.50 ($9.26) on Thursday. Tate & Lyle PLC has a 1 year low of GBX 622 ($8.21) and a 1 year high of GBX 809 ($10.68).

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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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