Tate & Lyle PLC Price Target Cut to GBX 790 (TATE)
Investment analysts at Goldman Sachs reduced their target price on shares of Tate & Lyle PLC (LON:TATE) from GBX 800 ($13.13) to GBX 790 ($12.96) in a note issued to investors on Thursday, AnalystRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. Goldman Sachs’ target price points to a potential upside of 20.15% from the company’s current price.
Tate & Lyle PLC (LON:TATE) traded down 0.38% during mid-day trading on Thursday, hitting GBX 657.50. 3,106,140 shares of the company’s stock traded hands. 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 773.9 and its 200-day moving average is GBX 786.9. The company’s market cap is £3.053 billion.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Tate & Lyle PLC in a research note on Tuesday. They now have a GBX 900 ($14.77) price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Tate & Lyle PLC to an “overweight” rating in a research note on Friday, February 7th. They now have a GBX 900 ($14.77) price target on the stock, up previously from GBX 735 ($12.06). Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Tate & Lyle PLC in a research note on Wednesday, February 5th. They now have a GBX 900 ($14.77) price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. The stock presently 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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