Credit Suisse Group Reaffirms “Neutral” Rating for Tate & Lyle PLC (TATE)
Credit Suisse Group restated their neutral rating on shares of Tate & Lyle PLC (LON:TATE) in a research note released on Friday morning. They currently have a GBX 710 ($9.37) target price on the stock.
Several other equities research analysts have also issued reports on the company. Liberum Capital reaffirmed a buy rating and set a GBX 850 ($11.22) price target on shares of Tate & Lyle PLC in a research note on Wednesday, August 30th. Jefferies Group LLC raised Tate & Lyle PLC to a buy rating and dropped their price target for the stock from GBX 800 ($10.56) to GBX 750 ($9.90) in a research note on Monday, October 23rd. Shore Capital reaffirmed a hold rating on shares of Tate & Lyle PLC in a research note on Friday, July 28th. Berenberg Bank dropped their price target on Tate & Lyle PLC from GBX 805 ($10.62) to GBX 730 ($9.63) and set a hold rating for the company in a research note on Friday, September 22nd. Finally, Kepler Capital Markets reaffirmed a reduce rating and set a GBX 690 ($9.11) price target on shares of Tate & Lyle PLC in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of GBX 743.36 ($9.81).
Shares of Tate & Lyle PLC (TATE) opened at GBX 701.50 ($9.26) on Friday. Tate & Lyle PLC has a 52 week low of GBX 622 ($8.21) and a 52 week high of GBX 809 ($10.68).
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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