Tate & Lyle PLC (TATE) Receives GBX 759.36 Consensus PT from Analysts

Shares of Tate & Lyle PLC (LON:TATE) have been given a consensus rating of “Hold” by the fourteen brokerages that are covering the stock. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 759.36 ($9.46).

TATE has been the topic of several research reports. Berenberg Bank reiterated a “hold” rating and issued a GBX 810 ($10.09) price objective on shares of Tate & Lyle PLC in a report on Thursday. Societe Generale reiterated a “buy” rating and issued a GBX 830 ($10.34) price objective on shares of Tate & Lyle PLC in a report on Thursday, November 3rd. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 750 ($9.34) price objective on shares of Tate & Lyle PLC in a report on Tuesday, January 10th. Numis Securities Ltd upgraded shares of Tate & Lyle PLC to an “add” rating and set a GBX 833 ($10.38) price objective on the stock in a report on Friday. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 795 ($9.90) price objective on shares of Tate & Lyle PLC in a report on Tuesday, October 25th.

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Tate & Lyle PLC (LON:TATE) opened at 717.526 on Friday. Tate & Lyle PLC has a one year low of GBX 531.50 and a one year high of GBX 850.00. The company’s market capitalization is GBX 3.33 billion. The company’s 50-day moving average is GBX 690.43 and its 200 day moving average is GBX 717.38.

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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