Tate & Lyle (TATE.L) 13-12-19
Will Tate & Lyle (TATE.L) break the key resistance level, or will it drop back to the 672p support once more? (-9%)?
- Now trading near the 751p resistance at 744p (at time of writing).
- Is this the perfect price action for short-sellers?
- Will the shares fall again to recent support of 672p? (-9%).
- Shares -7% from 12-month highs; +13% from 12 month lows.
Latest News
09 Dec: Jefferies International has upgraded its rating on Tate & Lyle (TATE) to hold (from underperform) and increased the target price to 770p (from 635p).
26 Nov: Goldman Sachs has upgraded its rating on Tate & Lyle (TATE) to buy (from neutral) and increased the target price to 830p (from 820p).
11 Nov: Goldman Sachs reiterates its neutral rating on Tate & Lyle (TATE) and increased the target price to 820p (from 780p).
08 Nov: Kepler Cheuvreux has upgraded its rating on Tate & Lyle (TATE) to hold (from reduce) and increased the target price to 720p (from 635p).
07 Nov: Tate & Lyle announced that it saw ‘encouraging progress’ in H1, as profit before tax jumped 45% to £164m, higher by £51m.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires