JPMorgan Chase & Co. set a GBX 770 ($9.38) price objective on Tate & Lyle PLC (LON:TATE) in a research report released on Thursday morning. The brokerage currently has a a neutral rating on the stock.
A number of other equities research analysts have also recently weighed in on TATE. Jefferies Group lifted their price objective on Tate & Lyle PLC from GBX 640 ($7.80) to GBX 720 ($8.78) and gave the company a buy rating in a research note on Wednesday, June 15th. Davy Research reiterated a neutral rating on shares of Tate & Lyle PLC in a report on Wednesday, June 22nd. BNP Paribas reiterated a neutral rating and issued a GBX 640 ($7.80) target price on shares of Tate & Lyle PLC in a report on Monday, June 27th. Societe Generale reiterated a buy rating on shares of Tate & Lyle PLC in a report on Tuesday, June 28th. Finally, Goldman Sachs Group Inc. set a GBX 670 ($8.17) target price on Tate & Lyle PLC and gave the company a neutral rating in a report on Tuesday, June 28th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 770.25 ($9.39).
Tate & Lyle PLC (LON:TATE) opened at 791.25 on Thursday. The firm’s market capitalization is GBX 3.67 billion. Tate & Lyle PLC has a one year low of GBX 529.00 and a one year high of GBX 802.00. The stock has a 50 day moving average price of GBX 745.70 and a 200-day moving average price of GBX 673.79.
In other news, insider Frederiksen,Lars bought 15,000 shares of the business’s stock in a transaction dated Monday, July 25th. The shares were acquired at an average price of GBX 699 ($8.52) per share, for a total transaction of £104,850 ($127,787.93). Also, insider Hampton,Nick sold 45,600 shares of Tate & Lyle PLC stock in a transaction dated Friday, August 19th. The stock was sold at an average price of GBX 739 ($9.01), for a total value of £336,984 ($410,705.67).
Tate & Lyle PLC Company Profile
Tate & Lyle PLC provides ingredients and solutions to the food, beverage and other industries. The Company operates through two business segments: Speciality Food Ingredients, which offers products, such as sweeteners, texturants, health and wellness, and food systems, and Bulk Ingredients segment, which offers products, such as liquid sweeteners, industrial starches, citric acid, bio-fuels and animal feed.
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