Tate & Lyle PLC Price Target Lowered to GBX 775 at Berenberg Bank (TATE)
Berenberg Bank decreased their price objective on shares of Tate & Lyle PLC (LON:TATE) from GBX 900 ($15.08) to GBX 775 ($12.99) in a research note issued on Tuesday, Analyst RN reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 20.34% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Panmure Gordon cut their price target on shares of Tate & Lyle PLC from GBX 750 ($12.57) to GBX 680 ($11.40) in a research note on Friday. They now have a “hold” rating on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Tate & Lyle PLC from GBX 800 ($13.41) to GBX 700 ($11.73) in a research note on Friday. They now have a “neutral” rating on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Tate & Lyle PLC from GBX 1,030 ($17.26) to GBX 900 ($15.08) in a research note on Friday. They now have a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the stock. Tate & Lyle PLC has a consensus rating of “Hold” and an average target price of GBX 815.76 ($13.67).
Tate & Lyle PLC (LON:TATE) traded down 1.90% during mid-day trading on Tuesday, hitting GBX 644.00. The stock had a trading volume of 3,072,102 shares. Tate & Lyle PLC has a 52-week low of GBX 642.50 and a 52-week high of GBX 889.5001. The stock has a 50-day moving average of GBX 765.3 and a 200-day moving average of GBX 783.6. The company’s market cap is £2.990 billion.
Tate & Lyle PLC is a global provider of ingredients and solutions to the food, beverage and other industries.
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