Tate & Lyle PLC (TATE) Given Consensus Rating of “Hold” by Analysts
Tate & Lyle PLC (LON:TATE) has been given an average recommendation of “Hold” by the fifteen research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 774.77 ($10.28).
TATE has been the topic of several research reports. Liberum Capital reaffirmed a “buy” rating and issued a GBX 850 ($11.27) target price on shares of Tate & Lyle PLC in a research report on Tuesday, June 27th. Shore Capital reaffirmed a “hold” rating on shares of Tate & Lyle PLC in a research report on Friday, July 28th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 725 ($9.62) target price on shares of Tate & Lyle PLC in a research report on Friday, July 7th. Kepler Capital Markets reaffirmed a “reduce” rating and issued a GBX 690 ($9.15) target price on shares of Tate & Lyle PLC in a research report on Thursday, July 27th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a GBX 800 ($10.61) target price on shares of Tate & Lyle PLC in a research report on Tuesday, June 6th.
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Tate & Lyle PLC (LON:TATE) traded up 0.53% during mid-day trading on Wednesday, reaching GBX 658.00. The company had a trading volume of 1,507,204 shares. Tate & Lyle PLC has a 12 month low of GBX 622.00 and a 12 month high of GBX 850.00. The firm’s market capitalization is GBX 3.04 billion. The stock’s 50-day moving average is GBX 662.20 and its 200 day moving average is GBX 713.50.
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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