Tate & Lyle PLC Given Consensus Rating of “Hold” by Brokerages (LON:TATE)
Tate & Lyle PLC (LON:TATE) has been given a consensus recommendation of “Hold” by the twenty analysts that are presently covering the company, AnalystRatings.Net reports. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 746.88 ($12.57).
Several analysts have recently commented on the stock. 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.
Shares of Tate & Lyle PLC (LON:TATE) opened at 652.00 on Monday. Tate & Lyle PLC has a 52 week low of GBX 618.50 and a 52 week high of GBX 841.00. The stock has a 50-day moving average of GBX 661.8 and a 200-day moving average of GBX 678.6. The company’s market cap is £3.022 billion.
Tate & Lyle PLC is a global provider of ingredients and solutions to the food, beverage and other industries.
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