Citigroup Inc. Reiterates “Buy” Rating for Tate & Lyle (TATE)
Tate & Lyle (LON:TATE)‘s stock had its “buy” rating reaffirmed by stock analysts at Citigroup Inc. in a report issued on Wednesday, American Banking News.com reports. They currently have a GBX 900 ($14.83) price target on the stock. Citigroup Inc.’s price objective points to a potential upside of 14.87% from the stock’s previous close.
Shares of Tate & Lyle (LON:TATE) traded down 0.19% during mid-day trading on Wednesday, hitting GBX 783.50. 547,790 shares of the company’s stock traded hands. Tate & Lyle has a one year low of GBX 730.50 and a one year high of GBX 889.5001. The stock’s 50-day moving average is GBX 788.0 and its 200-day moving average is GBX 799.6. The company’s market cap is £3.638 billion.
TATE has been the subject of a number of other recent research reports. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Tate & Lyle in a research note to investors on Wednesday. They now have a GBX 820 ($13.51) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Tate & Lyle in a research note to investors on Thursday, January 9th. They now have a GBX 800 ($13.18) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Tate & Lyle in a research note to investors on Tuesday, January 7th. They now have a GBX 900 ($14.83) price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. Tate & Lyle presently has a consensus rating of “Hold” and a consensus target price of GBX 859.60 ($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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