Tate & Lyle PLC (TATE) Receives Average Recommendation of “Hold” from Brokerages
Shares of Tate & Lyle PLC (LON:TATE) have been given a consensus recommendation of “Hold” by the fifteen brokerages that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 778.23 ($10.05).
Several research firms have weighed in on TATE. Liberum Capital reaffirmed a “buy” rating and issued a GBX 850 ($10.98) price target on shares of Tate & Lyle PLC in a report on Wednesday, August 30th. Deutsche Bank AG reissued a “hold” rating and set a GBX 725 ($9.36) price objective on shares of Tate & Lyle PLC in a report on Friday, July 28th. Shore Capital reissued a “hold” rating on shares of Tate & Lyle PLC in a report on Friday, July 28th. Kepler Capital Markets reissued a “reduce” rating and set a GBX 690 ($8.91) price objective on shares of Tate & Lyle PLC in a report on Thursday, July 27th. Finally, Jefferies Group LLC cut Tate & Lyle PLC to a “hold” rating and decreased their price objective for the company from GBX 870 ($11.24) to GBX 800 ($10.33) in a report on Wednesday, June 7th.
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Tate & Lyle PLC (LON:TATE) traded down 0.15% on Friday, reaching GBX 663.00. The company’s stock had a trading volume of 1,217,757 shares. The firm’s market cap is GBX 3.07 billion. The stock’s 50 day moving average price is GBX 678.50 and its 200 day moving average price is GBX 727.22. Tate & Lyle PLC has a 52-week low of GBX 653.50 and a 52-week high of GBX 850.00.
In other news, insider Javed Ahmed sold 85,813 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of GBX 727 ($9.39), for a total value of £623,860.51 ($805,709.04).
Tate & Lyle PLC Company Profile
Tate & Lyle PLC is a provider of ingredients and solutions to the food, beverage and other industries. The Company’s segments include Speciality Food Ingredients and Bulk Ingredients. The Speciality Food Ingredients segment’s product categories include dairy, beverage, bakery and convenience. The Bulk Ingredients segment’s product lines include bulk sweeteners for food and beverage customers, and industrial starches for paper and construction industries.
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