Tate & Lyle PLC (TATE) Receives GBX 691.36 Average Price Target from Brokerages

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Shares of Tate & Lyle PLC (LON:TATE) have been assigned an average recommendation of “Hold” from the fifteen ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 691.36 ($9.03).

TATE has been the topic of a number of recent analyst reports. Liberum Capital reissued a “buy” rating on shares of Tate & Lyle in a research report on Thursday, September 27th. Citigroup reissued a “neutral” rating on shares of Tate & Lyle in a research report on Monday, September 17th. Societe Generale set a GBX 750 ($9.80) price target on shares of Tate & Lyle and gave the company a “buy” rating in a research report on Monday, July 16th. Finally, Credit Suisse Group set a GBX 700 ($9.15) price target on shares of Tate & Lyle and gave the company a “neutral” rating in a research report on Wednesday, September 19th.

TATE traded up GBX 3.60 ($0.05) during midday trading on Friday, hitting GBX 661 ($8.64). 373,267 shares of the company’s stock traded hands, compared to its average volume of 2,840,000. Tate & Lyle has a one year low of GBX 539.40 ($7.05) and a one year high of GBX 796.50 ($10.41).

About Tate & Lyle

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.

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Analyst Recommendations for Tate & Lyle (LON:TATE)

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