Tate & Lyle PLC’s “Hold” Rating Reiterated at Canaccord Genuity (TATE)
Tate & Lyle PLC (LON:TATE)‘s stock had its “hold” rating reaffirmed by Canaccord Genuity in a research note issued on Wednesday. They currently have a GBX 640 ($10.62) price objective on the stock. Canaccord Genuity’s target price would suggest a potential downside of 7.85% from the stock’s previous close.
TATE has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of Tate & Lyle PLC in a research note on Friday, August 29th. They now have a GBX 685 ($11.37) price target on the stock. Separately, analysts at Berenberg Bank reiterated a “buy” rating on shares of Tate & Lyle PLC in a research note on Wednesday, August 20th. They now have a GBX 775 ($12.86) price target on the stock. Finally, 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 ($12.36) price target on the stock. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 746.88 ($12.39).
Shares of Tate & Lyle PLC (LON:TATE) opened at 700.00 on Wednesday. Tate & Lyle PLC has a 52-week low of GBX 618.50 and a 52-week high of GBX 826.00. The stock has a 50-day moving average of GBX 665.9 and a 200-day moving average of GBX 667.1. The company’s market cap is £3.244 billion.
Tate & Lyle PLC is a global provider of ingredients and solutions to the food, beverage and other industries.
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