Deutsche Bank Reiterates “Hold” Rating for Tate & Lyle (TATE)
Several other research firms have also commented on TATE. Jefferies Financial Group raised their price target 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. Berenberg Bank increased their price objective on shares of Tate & Lyle from GBX 730 ($9.54) to GBX 740 ($9.67) and gave the company a hold rating in a research report on Tuesday, December 4th. Credit Suisse Group lowered their price objective on shares of Tate & Lyle from GBX 750 ($9.80) to GBX 700 ($9.15) and set a neutral rating for the company in a research report on Monday, November 12th. Goldman Sachs Group increased their price objective on shares of Tate & Lyle from GBX 700 ($9.15) to GBX 720 ($9.41) and gave the company a neutral rating in a research report on Friday, February 8th. Finally, Kepler Capital Markets reaffirmed a reduce rating on shares of Tate & Lyle in a research report on Thursday, November 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of GBX 702.42 ($9.18).
LON TATE opened at GBX 720 ($9.41) on Monday. 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 Company Profile
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 three segments: Food & Beverage Solutions, Sucralose, and Primary Products.
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