Tate & Lyle (TATE) Downgraded by Jefferies Financial Group

Tate & Lyle (LON:TATE) was downgraded by equities research analysts at Jefferies Financial Group to a “hold” rating in a report released on Wednesday. They presently have a GBX 700 ($9.32) target price on the stock, up from their previous target price of GBX 665 ($8.85). Jefferies Financial Group’s target price points to a potential upside of 6.29% from the stock’s previous close.

TATE has been the topic of a number of other reports. Liberum Capital reaffirmed a “buy” rating and issued a GBX 850 ($11.32) price objective on shares of Tate & Lyle in a research note on Monday, March 5th. Shore Capital reaffirmed a “hold” rating and issued a GBX 554 ($7.38) price objective on shares of Tate & Lyle in a research note on Tuesday, April 17th. Deutsche Bank raised their price objective on shares of Tate & Lyle from GBX 650 ($8.65) to GBX 675 ($8.99) and gave the company a “hold” rating in a research note on Tuesday, May 29th. Credit Suisse Group raised their price objective on shares of Tate & Lyle from GBX 670 ($8.92) to GBX 700 ($9.32) and gave the company a “neutral” rating in a research note on Wednesday, June 6th. Finally, Citigroup cut their target price on shares of Tate & Lyle from GBX 800 ($10.65) to GBX 710 ($9.45) and set a “neutral” rating on the stock in a report on Wednesday, May 30th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 697.79 ($9.29).

Shares of Tate & Lyle opened at GBX 658.60 ($8.77) on Wednesday, Marketbeat Ratings reports. Tate & Lyle has a 52-week low of GBX 539.40 ($7.18) and a 52-week high of GBX 796.50 ($10.60).

Tate & Lyle Company Profile

Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through two segments, Speciality Food Ingredients and Bulk Ingredients.

Analyst Recommendations for Tate & Lyle (LON:TATE)

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