Tate & Lyle PLC Rating Reiterated by Canaccord Genuity (TATE)
Tate & Lyle PLC (LON:TATE)‘s stock had its “hold” rating reaffirmed by investment analysts at Canaccord Genuity in a note issued to investors on Monday, AnalystRatings.NET reports. They currently have a GBX 660 ($11.12) price objective on the stock. Canaccord Genuity’s price objective suggests a potential downside of 4.62% from the stock’s previous close.
Tate & Lyle PLC (LON:TATE) opened at 692.00 on Monday. Tate & Lyle PLC has a 1-year low of GBX 618.50 and a 1-year high of GBX 889.5001. The stock’s 50-day moving average is GBX 669. and its 200-day moving average is GBX 732.3. The company’s market cap is £3.213 billion.
A number of other analysts have also recently weighed in on TATE. Analysts at Galvan Research reiterated a “buy” rating on shares of Tate & Lyle PLC in a research note on Monday, April 28th. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Tate & Lyle PLC in a research note on Monday, April 7th. They now have a GBX 700 ($11.79) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Tate & Lyle PLC in a research note on Friday, April 4th. They now have a GBX 693 ($11.67) price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 765.50 ($12.89).
Tate & Lyle PLC is a global provider of ingredients and solutions to the food, beverage and other industries.
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