Tate & Lyle (LON:TATE) had its target price reduced by analysts at Credit Suisse Group from GBX 750 ($9.80) to GBX 700 ($9.15) in a report issued on Monday, November 12th. The brokerage presently has a “neutral” rating on the stock. Credit Suisse Group’s target price would suggest a potential upside of 0.75% from the company’s previous close.
Several other brokerages also recently issued reports on TATE. Deutsche Bank raised their price objective on shares of Tate & Lyle from GBX 650 ($8.49) to GBX 675 ($8.82) and gave the stock a “hold” rating in a research note on Friday, November 9th. Kepler Capital Markets reissued a “reduce” rating on shares of Tate & Lyle in a research note on Thursday, November 8th. Liberum Capital reaffirmed a “buy” rating on shares of Tate & Lyle in a research note on Thursday, November 8th. Jefferies Financial Group lifted their price target on shares of Tate & Lyle from GBX 700 ($9.15) to GBX 725 ($9.47) and gave the company a “hold” rating in a research note on Monday, October 29th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Tate & Lyle in a research note on Monday, September 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 700.29 ($9.15).
Shares of LON:TATE traded up GBX 9.20 ($0.12) during trading on Monday, reaching GBX 694.80 ($9.08). The company’s stock had a trading volume of 1,504,811 shares, compared to its average volume of 2,840,000. Tate & Lyle has a 12 month low of GBX 539.40 ($7.05) and a 12 month high of GBX 796.50 ($10.41).
In other Tate & Lyle news, insider Warren Tucker bought 4,321 shares of the firm’s stock in a transaction that occurred on Wednesday, December 5th. The stock was bought at an average cost of GBX 702 ($9.17) per share, for a total transaction of £30,333.42 ($39,635.99).
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.
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