Tate & Lyle plc (BD15) Receives Average Rating of “Hold” from Analysts

Shares of Tate & Lyle plc (LON:BD15) have been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 713.57 ($9.56).

Several analysts recently weighed in on the company. Kepler Capital Markets set a GBX 660 ($8.84) price target on Tate & Lyle and gave the company a “neutral” rating in a report on Friday, October 27th. Goldman Sachs Group set a GBX 660 ($8.84) price objective on Tate & Lyle and gave the company a “neutral” rating in a report on Friday, November 3rd. Berenberg Bank set a GBX 730 ($9.78) target price on Tate & Lyle and gave the stock a “neutral” rating in a research note on Monday, September 25th. Finally, Jefferies Group set a GBX 750 ($10.04) target price on Tate & Lyle and gave the stock a “buy” rating in a research note on Monday, October 23rd.

Tate & Lyle (LON:BD15) opened at GBX 116 ($1.55) on Friday. Tate & Lyle has a 1 year low of GBX 101 ($1.35) and a 1 year high of GBX 116 ($1.55).

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About Tate & Lyle

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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