Tate & Lyle PLC Given Average Rating of “Hold” by Analysts (LON:TATE)
Shares of Tate & Lyle PLC (LON:TATE) have been given a consensus rating of “Hold” by the twenty analysts that are currently covering the company, American Banking News reports. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 746.88 ($12.57).
A number of research firms have recently commented on TATE. Analysts at Societe Generale reiterated a “buy” rating on shares of Tate & Lyle PLC in a research note on Tuesday, July 29th. They now have a GBX 745 ($12.54) price target on the stock. Separately, analysts at Shore Capital reiterated a “hold” rating on shares of Tate & Lyle PLC in a research note on Friday, July 25th. They now have a GBX 657 ($11.06) price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Tate & Lyle PLC from GBX 660 ($11.11) to GBX 640 ($10.77) in a research note on Friday, July 25th. They now have a “hold” rating on the stock.
Tate & Lyle PLC (LON:TATE) opened at 639.50 on Monday. Tate & Lyle PLC has a 52-week low of GBX 618.50 and a 52-week high of GBX 847.5001. The stock’s 50-day moving average is GBX 665.4 and its 200-day moving average is GBX 683.0. The company’s market cap is £2.964 billion.
Tate & Lyle PLC is a global provider of ingredients and solutions to the food, beverage and other industries.
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