Tate & Lyle Receives “Buy” Rating from Deutsche Bank (TATE)
Tate & Lyle (LON:TATE)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank in a research note issued to investors on Friday, Analyst Ratings News reports. They currently have a GBX 1,030 ($16.66) target price on the stock. Deutsche Bank’s price objective suggests a potential upside of 30.79% from the company’s current price.
Tate & Lyle (LON:TATE) traded down 0.51% on Friday, hitting GBX 787.50. 722,668 shares of the company’s stock traded hands. Tate & Lyle has a one year low of GBX 704.00 and a one year high of GBX 889.50. The stock’s 50-day moving average is GBX 766.8 and its 200-day moving average is GBX 816.5. The company’s market cap is £3.652 billion.
A number of other firms have also recently commented on TATE. Analysts at Berenberg Bank reiterated a “buy” rating on shares of Tate & Lyle in a research note to investors on Friday. They now have a GBX 900 ($14.56) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Tate & Lyle in a research note to investors on Thursday. They now have a GBX 900 ($14.56) price target on the stock. Finally, analysts at Panmure Gordon upgraded shares of Tate & Lyle to a “hold” rating in a research note to investors on Friday, October 25th. They now have a GBX 750 ($12.13) price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 865.93 ($14.01).
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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