Tate & Lyle Stock Rating Reaffirmed by Beaufort Securities (TATE)
Tate & Lyle (LON:TATE)‘s stock had its “hold” rating reaffirmed by stock analysts at Beaufort Securities in a report issued on Monday, StockRatingsNetwork.com reports.
Tate & Lyle (LON:TATE) opened at 737.50 on Monday. Tate & Lyle has a 52 week low of GBX 679.50 and a 52 week 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 £3.420 billion.
A number of other firms have also recently commented on TATE. Analysts at Charles Stanley reiterated a “hold” rating on shares of Tate & Lyle in a research note to investors on Friday. Separately, analysts at Davy Research reiterated a “neutral” rating on shares of Tate & Lyle in a research note to investors on Friday. Finally, analysts at Jefferies Group cut their price target on shares of Tate & Lyle from GBX 980 ($15.72) to GBX 900 ($14.44) in a research note to investors on Friday. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 869.27 ($13.95).
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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