PureCircle Limited (PURE) Rating Lowered to Reduce at Kepler Capital Markets

PureCircle Limited (LON:PURE) was downgraded by equities research analysts at Kepler Capital Markets to a “reduce” rating in a note issued to investors on Tuesday. They currently have a GBX 390 ($5.17) price target on the stock, down from their prior price target of GBX 410 ($5.44). Kepler Capital Markets’ price objective points to a potential downside of 14.94% from the stock’s previous close.

Separately, Liberum Capital reaffirmed a “buy” rating and issued a GBX 500 ($6.63) target price on shares of PureCircle Limited in a research report on Tuesday, September 19th.

Shares of PureCircle Limited (LON:PURE) opened at 455.25 on Tuesday. The firm’s market cap is GBX 790.76 million. The company has a 50 day moving average of GBX 440.29 and a 200 day moving average of GBX 365.01. PureCircle Limited has a 1-year low of GBX 190.00 and a 1-year high of GBX 514.00.

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In related news, insider Christopher Dale Pratt sold 44,630 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of GBX 460 ($6.10), for a total transaction of £205,298 ($272,314.63).

About PureCircle Limited

PureCircle Limited is a producer of stevia ingredients for the global food and beverage industry. The Company focuses on encouraging healthier diets around the world through the supply of natural ingredients to the global food and beverage industry. The Company has over 40 stevia-related patents. The Company’s Zeta Family ingredients consists of the sugar, such as steviol glycosides, including Reb M and Reb D, and allow for the deepest calorie reductions by food and beverage companies.

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