Tate & Lyle PLC Given New GBX 680 Price Target at Panmure Gordon (TATE)
Investment analysts at Panmure Gordon reduced their price objective on shares of Tate & Lyle PLC (LON:TATE) from GBX 750 ($12.31) to GBX 680 ($11.16) in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. Panmure Gordon’s target price points to a potential upside of 3.42% from the company’s current price.
Tate & Lyle PLC (LON:TATE) traded down 0.06% on Friday, hitting GBX 785.50. The stock had a trading volume of 413,497 shares. Tate & Lyle PLC has a 1-year low of GBX 730.50 and a 1-year high of GBX 889.5001. The stock’s 50-day moving average is GBX 782.3 and its 200-day moving average is GBX 789.. The company’s market cap is £3.647 billion.
A number of other analysts have also recently weighed in on TATE. Analysts at Credit Suisse cut their price target on shares of Tate & Lyle PLC from GBX 800 ($13.13) to GBX 700 ($11.48) in a research note on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Tate & Lyle PLC from GBX 1,030 ($16.90) to GBX 900 ($14.77) in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at Prime Markets reiterated a “sell” rating on shares of Tate & Lyle PLC in a research note on Thursday. They now have a GBX 635 ($10.42) price target on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 832.82 ($13.66).
Tate & Lyle PLC is a global provider of ingredients and solutions to the food, beverage and other industries.
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