Tate & Lyle (LON:TATE) had its price objective increased by Deutsche Bank from GBX 650 ($8.49) to GBX 675 ($8.82) in a research note published on Friday morning. Deutsche Bank currently has a hold rating on the stock.
Several other analysts have also recently issued reports on TATE. Societe Generale set a GBX 750 ($9.80) price objective on Tate & Lyle and gave the company a buy rating in a research note on Monday, July 16th. Liberum Capital reiterated a buy rating and issued a GBX 900 ($11.76) price objective on shares of Tate & Lyle in a research note on Tuesday, August 28th. Citigroup reiterated a neutral rating on shares of Tate & Lyle in a research note on Monday, September 17th. Credit Suisse Group set a GBX 700 ($9.15) price objective on Tate & Lyle and gave the company a neutral rating in a research note on Wednesday, September 19th. Finally, Jefferies Financial Group increased their price objective on Tate & Lyle from GBX 700 ($9.15) to GBX 725 ($9.47) and gave the company a hold rating in a research note on Monday, October 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. Tate & Lyle has an average rating of Hold and a consensus price target of GBX 699.57 ($9.14).
Shares of LON TATE traded up GBX 10 ($0.13) during mid-day trading on Friday, hitting GBX 702.60 ($9.18). The company had a trading volume of 3,418,507 shares, compared to its average volume of 2,840,000. Tate & Lyle has a 1-year low of GBX 539.40 ($7.05) and a 1-year high of GBX 796.50 ($10.41).
About Tate & Lyle
Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through two segments, Speciality Food Ingredients and Bulk Ingredients.
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