Tate & Lyle (TATE) Stock Rating Reaffirmed by Liberum Capital

Tate & Lyle (LON:TATE)‘s stock had its “buy” rating reaffirmed by analysts at Liberum Capital in a note issued to investors on Tuesday. They currently have a GBX 850 ($12.17) target price on the stock. Liberum Capital’s price target points to a potential upside of 50.71% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Kepler Capital Markets raised Tate & Lyle to a “buy” rating and set a GBX 630 ($9.02) price target for the company in a report on Tuesday, February 13th. Investec reissued a “buy” rating and set a GBX 735 ($10.52) price target on shares of Tate & Lyle in a report on Monday, January 29th. Shore Capital reissued a “hold” rating on shares of Tate & Lyle in a report on Thursday, February 8th. Deutsche Bank lowered their price target on Tate & Lyle from GBX 725 ($10.38) to GBX 650 ($9.31) and set a “hold” rating for the company in a report on Monday, February 12th. Finally, BNP Paribas lowered their price target on Tate & Lyle from GBX 670 ($9.59) to GBX 660 ($9.45) and set a “neutral” rating for the company in a report on Thursday, April 5th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Tate & Lyle has an average rating of “Hold” and an average price target of GBX 716.62 ($10.26).

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Tate & Lyle stock opened at GBX 564 ($8.08) on Tuesday. Tate & Lyle has a 52 week low of GBX 539.40 ($7.72) and a 52 week high of GBX 796.50 ($11.40).

In other news, insider Gerry M. Murphy bought 10,000 shares of the stock in a transaction on Tuesday, February 13th. The stock was acquired at an average price of GBX 571 ($8.18) per share, with a total value of £57,100 ($81,758.30).

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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.

Analyst Recommendations for Tate & Lyle (LON:TATE)

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