Tate & Lyle (LON:TATE)‘s stock had its “reduce” rating reiterated by equities research analysts at Kepler Capital Markets in a research note issued on Thursday.
A number of other research firms have also weighed in on TATE. Liberum Capital reaffirmed a “buy” rating on shares of Tate & Lyle in a research note on Thursday. Jefferies Financial Group raised their price objective 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. Citigroup reaffirmed a “neutral” rating on shares of Tate & Lyle in a research note on Monday, September 17th. Credit Suisse Group set a GBX 700 ($9.15) price objective on shares of Tate & Lyle and gave the company a “neutral” rating in a research note on Wednesday, September 19th. Finally, Societe Generale set a GBX 750 ($9.80) price objective on shares of Tate & Lyle and gave the company a “buy” rating in a research note on Monday, July 16th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. Tate & Lyle has a consensus rating of “Hold” and an average target price of GBX 699.57 ($9.14).
Shares of Tate & Lyle stock traded up GBX 10 ($0.13) during trading hours on Thursday, reaching GBX 702.60 ($9.18). The company’s stock had a trading volume of 3,418,507 shares, 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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