Tate & Lyle Upgraded to Add at Numis Securities Ltd (TATE)
Tate & Lyle (LON:TATE) was upgraded by Numis Securities Ltd from a “hold” rating to an “add” rating in a research note issued on Thursday, StockRatingsNetwork.com reports. The firm currently has a GBX 884 ($14.04) target price on the stock, down from their previous target price of GBX 900 ($14.29). Numis Securities Ltd’s price target would suggest a potential upside of 13.70% from the company’s current price.
Tate & Lyle (LON:TATE) opened at 791.50 on Thursday. Tate & Lyle has a 1-year low of GBX 642.50 and a 1-year high of GBX 889.50. The stock has a 50-day moving average of GBX 811.9 and a 200-day moving average of GBX 833.. The company’s market cap is £3.671 billion.
A number of other firms have also recently commented on TATE. Analysts at UBS AG downgraded shares of Tate & Lyle (LON:TATE) to a “sell” rating in a research note to investors on Monday, September 9th. They now have a GBX 770 ($12.23) price target on the stock, down previously from GBX 890 ($14.13). Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Tate & Lyle (LON:TATE) in a research note to investors on Monday, September 9th. They now have a GBX 975 ($15.48) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Tate & Lyle (LON:TATE) in a research note to investors on Thursday, September 5th. They now have a GBX 900 ($14.29) price target on the stock.
Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. Tate & Lyle currently has an average rating of “Hold” and a consensus target price of GBX 898.60 ($14.27).
Tate & Lyle PLC is a provider of speciality food ingredients and solutions. The Company and its subsidiary and associated undertakings together with its joint ventures develops, manufactures and markets food and industrial ingredients made from renewable resources.
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