Tate & Lyle PLC (TATE) Receives Consensus Rating of “Hold” from Brokerages
Shares of Tate & Lyle PLC (LON:TATE) have earned a consensus recommendation of “Hold” from the fifteen research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 708.85 ($9.06).
Several research analysts have weighed in on TATE shares. Goldman Sachs Group set a GBX 690 ($8.82) price objective on Tate & Lyle and gave the stock a “neutral” rating in a research report on Monday, May 28th. Liberum Capital boosted their price objective on Tate & Lyle from GBX 850 ($10.87) to GBX 900 ($11.50) and gave the stock a “buy” rating in a research report on Friday, June 1st. Citigroup cut their price objective on Tate & Lyle from GBX 800 ($10.23) to GBX 710 ($9.08) and set a “neutral” rating on the stock in a research report on Wednesday, May 30th. Kepler Capital Markets reissued a “buy” rating on shares of Tate & Lyle in a research report on Thursday, May 24th. Finally, Deutsche Bank boosted their price objective on Tate & Lyle from GBX 650 ($8.31) to GBX 675 ($8.63) and gave the stock a “hold” rating in a research report on Tuesday, May 29th.
TATE stock traded down GBX 6.40 ($0.08) during midday trading on Friday, hitting GBX 639.40 ($8.17). The company’s stock had a trading volume of 1,340,148 shares, compared to its average volume of 2,840,000. Tate & Lyle has a 1 year low of GBX 539.40 ($6.90) and a 1 year high of GBX 796.50 ($10.18).
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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