Tate & Lyle Given New GBX 900 Price Target at Jefferies Group (TATE)
Equities researchers at Jefferies Group decreased their target price on shares of Tate & Lyle (LON:TATE) from GBX 980 ($15.81) to GBX 900 ($14.52) in a research report issued on Friday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective would suggest a potential upside of 21.79% from the stock’s previous close.
Shares of Tate & Lyle (LON:TATE) opened at 755.50 on Friday. Tate & Lyle has a one year low of GBX 679.50 and a one year high of GBX 889.5001. The stock’s 50-day moving average is GBX 808. and its 200-day moving average is GBX 832.4. The company’s market cap is £3.504 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. upgraded shares of Tate & Lyle (LON:TATE) from a “sell” rating to a “neutral” rating in a research note to investors on Thursday. Separately, analysts at Deutsche Bank cut their price target on shares of Tate & Lyle (LON:TATE) from GBX 1,050 ($16.94) to GBX 1,030 ($16.62) in a research note to investors on Thursday. They now have a “buy” rating 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 Wednesday. They now have a GBX 900 ($14.52) price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 878.27 ($14.17).
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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