Credit Suisse Lowers Tate & Lyle PLC Price Target to GBX 630 (TATE)
Equities research analysts at Credit Suisse cut their price objective on shares of Tate & Lyle PLC (LON:TATE) from GBX 650 ($11.11) to GBX 630 ($10.77) in a research note issued to investors on Friday. The firm currently has an “underperform” rating on the stock. Credit Suisse’s target price indicates a potential downside of 3.89% from the company’s current price.
Tate & Lyle PLC (LON:TATE) opened at 655.50 on Friday. Tate & Lyle PLC has a 52 week low of GBX 618.50 and a 52 week high of GBX 854.00. The stock’s 50-day moving average is GBX 671.5 and its 200-day moving average is GBX 687.8. The company’s market cap is £3.038 billion.
TATE has been the subject of a number of other recent research reports. 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 698 ($11.93) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Tate & Lyle PLC in a research note on Friday. They now have a GBX 900 ($15.38) price target on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Tate & Lyle PLC in a research note on Thursday. They now have a GBX 715 ($12.22) price target on the stock. Three analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 749.69 ($12.81).
Tate & Lyle PLC is a global provider of ingredients and solutions to the food, beverage and other industries.
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