Berenberg Bank Reaffirms Buy Rating for Tate & Lyle PLC (TATE)
Tate & Lyle PLC (LON:TATE)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a research note issued to investors on Wednesday. They currently have a GBX 775 ($12.96) target price on the stock. Berenberg Bank’s price target points to a potential upside of 14.48% from the company’s current price.
Shares of Tate & Lyle PLC (LON:TATE) traded up 0.52% during mid-day trading on Wednesday, hitting GBX 680.50. 475,866 shares of the company’s stock traded hands. Tate & Lyle PLC has a 1-year low of GBX 618.50 and a 1-year high of GBX 828.50. The stock’s 50-day moving average is GBX 661.8 and its 200-day moving average is GBX 672.5. The company’s market cap is £3.154 billion.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Tate & Lyle PLC in a research note on Monday, August 11th. They now have a GBX 640 ($10.70) price target on the stock. Separately, 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 ($12.45) price target on the stock. Finally, 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 ($10.98) price target on the stock. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 746.88 ($12.49).
Tate & Lyle PLC is a global provider of ingredients and solutions to the food, beverage and other industries.
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