Tate & Lyle PLC (LON:TATE)‘s stock had its “buy” rating restated by investment analysts at Liberum Capital in a report issued on Monday. They presently have a GBX 795 ($10.38) price objective on the stock. Liberum Capital’s price target would indicate a potential upside of 2.25% from the company’s current price.
Other research analysts have also issued research reports about the stock. Societe Generale upgraded shares of Tate & Lyle PLC to a ” buy” rating and upped their price target for the company from GBX 780 ($10.18) to GBX 830 ($10.83) in a research note on Friday, September 9th. Jefferies Group upped their price target on shares of Tate & Lyle PLC from GBX 640 ($8.35) to GBX 720 ($9.40) and gave the company a “buy” rating in a research note on Wednesday, June 15th. Deutsche Bank AG upped their price target on shares of Tate & Lyle PLC from GBX 800 ($10.44) to GBX 840 ($10.96) and gave the company a “buy” rating in a research note on Friday, July 22nd. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 670 ($8.75) price target on shares of Tate & Lyle PLC in a research note on Friday, July 22nd. Finally, BNP Paribas reiterated a “neutral” rating and issued a GBX 700 ($9.14) price target on shares of Tate & Lyle PLC in a research note on Thursday, July 14th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Tate & Lyle PLC currently has an average rating of “Hold” and a consensus target price of GBX 734.42 ($9.59).
Tate & Lyle PLC (LON:TATE) opened at 779.50 on Monday. The company’s market cap is GBX 3.62 billion. Tate & Lyle PLC has a 52-week low of GBX 529.00 and a 52-week high of GBX 783.50. The company has a 50-day moving average of GBX 736.21 and a 200 day moving average of GBX 663.41.
In related news, insider Frederiksen,Lars acquired 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was acquired at an average price of GBX 699 ($9.12) per share, with a total value of £104,850 ($136,862.03). Also, insider Hampton,Nick sold 45,600 shares of the stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of GBX 739 ($9.65), for a total transaction of £336,984 ($439,869.47).
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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