Tate & Lyle’s “Neutral” Rating Reaffirmed at Davy Research (TATE)
Tate & Lyle (LON:TATE)‘s stock had its “neutral” rating reaffirmed by Davy Research in a research note issued on Friday, AnalystRatingsNetwork reports.
A number of other analysts have also recently weighed in on TATE. Analysts at Jefferies Group cut their price target on shares of Tate & Lyle (LON:TATE) from GBX 980 ($15.81) to GBX 900 ($14.52) in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. Tate & Lyle currently has a consensus rating of “Hold” and a consensus price target of GBX 878.27 ($14.17).
Shares of Tate & Lyle (LON:TATE) opened at 755.50 on Friday. Tate & Lyle has a 1-year low of GBX 679.50 and a 1-year high of GBX 889.5001. The stock has a 50-day moving average of GBX 808. and a 200-day moving average of GBX 832.4. The company’s market cap is £3.504 billion.
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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