Tate & Lyle (LON:TATE) had its price objective upped by analysts at Deutsche Bank from GBX 650 ($8.49) to GBX 675 ($8.82) in a research report issued to clients and investors on Friday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank’s price objective suggests a potential downside of 3.30% from the company’s previous close.
Other equities analysts have also issued reports about the stock. Liberum Capital reiterated a “buy” rating and set a GBX 900 ($11.76) target price on shares of Tate & Lyle in a report on Tuesday, August 28th. Societe Generale set a GBX 750 ($9.80) target price on shares of Tate & Lyle and gave the company a “buy” rating in a report on Monday, July 16th. Jefferies Financial Group lifted their target price on shares of Tate & Lyle from GBX 700 ($9.15) to GBX 725 ($9.47) and gave the company a “hold” rating in a report on Monday, October 29th. Credit Suisse Group set a GBX 700 ($9.15) target price on shares of Tate & Lyle and gave the company a “neutral” rating in a report on Wednesday, September 19th. Finally, Citigroup reiterated a “neutral” rating on shares of Tate & Lyle in a report on Monday, September 17th. 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 stock. The stock has an average rating of “Hold” and an average price target of GBX 699.57 ($9.14).
Shares of TATE opened at GBX 698 ($9.12) on Friday. Tate & Lyle has a one year low of GBX 539.40 ($7.05) and a one year 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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