Tate & Lyle Price Target Cut to GBX 900 (TATE)
Stock analysts at Citigroup Inc. cut their price objective on shares of Tate & Lyle (LON:TATE) from GBX 1,000 ($16.04) to GBX 900 ($14.44) in a report issued on Monday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price objective indicates a potential upside of 20.81% from the company’s current price.
TATE has been the subject of a number of other recent research reports. Analysts at Beaufort Securities reiterated a “hold” rating on shares of Tate & Lyle in a research note to investors on Monday. Separately, analysts at Charles Stanley reiterated a “hold” rating on shares of Tate & Lyle in a research note to investors on Friday. Finally, analysts at Davy Research reiterated a “neutral” rating on shares of Tate & Lyle in a research note to investors on Friday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 869.27 ($13.95).
Shares of Tate & Lyle (LON:TATE) opened at 734.00 on Monday. 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 £3.404 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.