Tate & Lyle PLC (TATE) Receives “Buy” Rating from Liberum Capital
Liberum Capital restated their buy rating on shares of Tate & Lyle PLC (LON:TATE) in a research note issued to investors on Tuesday morning. The brokerage currently has a GBX 850 ($11.22) target price on the stock.
Several other research analysts have also recently weighed in on TATE. Deutsche Bank AG restated a hold rating and set a GBX 725 ($9.57) price target on shares of Tate & Lyle PLC in a report on Friday, July 7th. Kepler Capital Markets reiterated a reduce rating and issued a GBX 690 ($9.11) target price on shares of Tate & Lyle PLC in a research note on Thursday, July 27th. Shore Capital reissued a hold rating on shares of Tate & Lyle PLC in a research report on Friday, July 28th. Berenberg Bank lowered their price target on shares of Tate & Lyle PLC from GBX 805 ($10.62) to GBX 730 ($9.63) and set a hold rating on the stock in a research report on Friday, September 22nd. Finally, Credit Suisse Group lowered their price target on shares of Tate & Lyle PLC from GBX 780 ($10.29) to GBX 710 ($9.37) and set a neutral rating on the stock in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. Tate & Lyle PLC currently has an average rating of Hold and an average target price of GBX 765.54 ($10.10).
Tate & Lyle PLC (LON:TATE) opened at 659.00 on Tuesday. The firm’s market capitalization is GBX 3.05 billion. Tate & Lyle PLC has a 52 week low of GBX 622.00 and a 52 week high of GBX 850.00. The company has a 50-day moving average of GBX 649.03 and a 200-day moving average of GBX 697.11.
COPYRIGHT VIOLATION NOTICE: “Tate & Lyle PLC (TATE) Receives “Buy” Rating from Liberum Capital” was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://theolympiareport.com/2017/11/01/tate-lyle-plc-tate-receives-buy-rating-from-liberum-capital.html.
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.
Receive News & Ratings for Tate & Lyle PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tate & Lyle PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.