Tate & Lyle (TATE) Price Target Cut to GBX 700
Tate & Lyle (LON:TATE) had its target price cut by research analysts at Credit Suisse Group from GBX 750 ($9.80) to GBX 700 ($9.15) in a research note issued on Monday. The firm currently has a “neutral” rating on the stock. Credit Suisse Group’s price target would indicate a potential upside of 3.55% from the company’s previous close.
A number of other brokerages have also weighed in on TATE. Jefferies Financial Group boosted their target price on Tate & Lyle from GBX 700 ($9.15) to GBX 725 ($9.47) and gave the stock a “hold” rating in a research report on Monday, October 29th. Societe Generale set a GBX 750 ($9.80) target price on Tate & Lyle and gave the stock a “buy” rating in a research report on Monday, July 16th. Citigroup reissued a “neutral” rating on shares of Tate & Lyle in a research report on Monday, September 17th. Kepler Capital Markets reissued a “reduce” rating on shares of Tate & Lyle in a research report on Thursday, November 8th. Finally, Liberum Capital restated a “buy” rating and set a GBX 900 ($11.76) price target on shares of Tate & Lyle in a research note on Tuesday, August 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 699.57 ($9.14).
Shares of LON:TATE opened at GBX 676 ($8.83) on Monday. Tate & Lyle has a fifty-two week low of GBX 539.40 ($7.05) and a fifty-two week high of GBX 796.50 ($10.41).
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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