Tate & Lyle PLC Stock Rating Reaffirmed by Credit Suisse (TATE)
Tate & Lyle PLC (LON:TATE)‘s stock had its “neutral” rating reiterated by research analysts at Credit Suisse in a report released on Monday, AnalystRatings.NET reports. They currently have a GBX 700 ($11.60) price objective on the stock. Credit Suisse’s price objective indicates a potential upside of 6.79% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Tate & Lyle PLC in a research note on Friday. They now have a GBX 693 ($11.49) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “hold” rating on shares of Tate & Lyle PLC in a research note on Thursday. They now have a GBX 680 ($11.27) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Tate & Lyle PLC in a research note on Thursday. They now have a GBX 660 ($10.94) price target on the stock. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 769.88 ($12.76).
Shares of Tate & Lyle PLC (LON:TATE) opened at 658.35 on Monday. Tate & Lyle PLC has a one year low of GBX 618.50 and a one year high of GBX 889.5001. The stock has a 50-day moving average of GBX 646.3 and a 200-day moving average of GBX 745.9. The company’s market cap is £3.057 billion.
Tate & Lyle PLC is a global provider of ingredients and solutions to the food, beverage and other industries.
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