Several other brokerages have also recently weighed in on TATE. Berenberg Bank increased their target price on Tate & Lyle from GBX 730 ($9.54) to GBX 740 ($9.67) and gave the company a hold rating in a report on Tuesday, December 4th. Deutsche Bank increased their target price on Tate & Lyle from GBX 650 ($8.49) to GBX 675 ($8.82) and gave the company a hold rating in a report on Friday, November 9th. Kepler Capital Markets restated a reduce rating on shares of Tate & Lyle in a report on Thursday, November 8th. Credit Suisse Group dropped their target price on Tate & Lyle from GBX 750 ($9.80) to GBX 700 ($9.15) and set a neutral rating for the company in a report on Monday, November 12th. Finally, Jefferies Financial Group increased their target price on Tate & Lyle from GBX 700 ($9.15) to GBX 725 ($9.47) and gave the company a hold rating in a report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of GBX 702.42 ($9.18).
Shares of TATE stock opened at GBX 693 ($9.06) on Thursday. Tate & Lyle has a 1-year low of GBX 539.40 ($7.05) and a 1-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 three segments: Food & Beverage Solutions, Sucralose, and Primary Products.
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