Tate & Lyle PLC’s (LON:TATE) Reduce Rating Reiterated at Kepler Capital Markets

Tate & Lyle PLC (LON:TATE)‘s stock had its “reduce” rating reiterated by analysts at Kepler Capital Markets in a research report issued to clients and investors on Thursday, July 27th. They currently have a GBX 690 ($8.96) price target on the stock. Kepler Capital Markets’ price target suggests a potential upside of 0.51% from the company’s current price.

A number of other equities analysts have also commented on the stock. Deutsche Bank AG reiterated a “buy” rating and set a GBX 875 ($11.36) price target on shares of Tate & Lyle PLC in a report on Thursday, April 13th. Liberum Capital reiterated a “buy” rating and set a GBX 850 ($11.03) price target on shares of Tate & Lyle PLC in a report on Tuesday, June 27th. Shore Capital reiterated a “hold” rating on shares of Tate & Lyle PLC in a report on Thursday, June 15th. Jefferies Group LLC lowered shares of Tate & Lyle PLC to a “hold” rating and cut their price target for the stock from GBX 870 ($11.29) to GBX 800 ($10.39) in a report on Wednesday, June 7th. Finally, Numis Securities Ltd lowered shares of Tate & Lyle PLC to a “hold” rating and set a GBX 849 ($11.02) price target on the stock. in a report on Wednesday, April 12th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company’s stock. Tate & Lyle PLC presently has an average rating of “Hold” and an average price target of GBX 778.23 ($10.10).

Shares of Tate & Lyle PLC (TATE) traded down 0.36% during mid-day trading on Thursday, hitting GBX 684.00. 1,092,984 shares of the company’s stock traded hands. Tate & Lyle PLC has a 52 week low of GBX 653.50 and a 52 week high of GBX 850.00. The firm has a 50-day moving average of GBX 676.45 and a 200 day moving average of GBX 730.23. The company’s market cap is GBX 3.17 billion.

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In other Tate & Lyle PLC news, insider Javed Ahmed sold 85,813 shares of Tate & Lyle PLC stock in a transaction on Thursday, June 15th. The shares were sold at an average price of GBX 727 ($9.44), for a total value of £623,860.51 ($809,892.91).

About Tate & Lyle PLC

Tate & Lyle PLC is a provider of ingredients and solutions to the food, beverage and other industries. The Company’s segments include Speciality Food Ingredients and Bulk Ingredients. The Speciality Food Ingredients segment’s product categories include dairy, beverage, bakery and convenience. The Bulk Ingredients segment’s product lines include bulk sweeteners for food and beverage customers, and industrial starches for paper and construction industries.