Tate & Lyle PLC (LON:TATE)‘s stock had its “buy” rating reaffirmed by equities research analysts at Liberum Capital in a report released on Monday. They currently have a GBX 795 ($9.93) price target on the stock. Liberum Capital’s target price indicates a potential upside of 18.57% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on TATE. Jefferies Group dropped their price target on shares of Tate & Lyle PLC from GBX 880 ($10.99) to GBX 870 ($10.87) and set a “buy” rating for the company in a research note on Tuesday, November 8th. Numis Securities Ltd boosted their price target on shares of Tate & Lyle PLC from GBX 758 ($9.47) to GBX 812 ($10.14) and gave the stock a “hold” rating in a research note on Wednesday, November 9th. Davy Research reissued a “neutral” rating on shares of Tate & Lyle PLC in a research note on Thursday, November 3rd. BNP Paribas reissued a “neutral” rating and set a GBX 700 ($8.75) price target on shares of Tate & Lyle PLC in a research note on Thursday, September 8th. Finally, Berenberg Bank set a GBX 810 ($10.12) price target on shares of Tate & Lyle PLC and gave the stock a “neutral” rating in a research note on Friday, November 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 786 ($9.82).
Shares of Tate & Lyle PLC (LON:TATE) opened at 674.00 on Monday. The firm has a 50-day moving average of GBX 758.66 and a 200-day moving average of GBX 697.72. The stock’s market cap is GBX 3.13 billion. Tate & Lyle PLC has a 52-week low of GBX 529.00 and a 52-week high of GBX 850.00.
The firm also recently disclosed a dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, November 24th will be given a GBX 8.20 ($0.10) dividend. This represents a dividend yield of 1.02%. The ex-dividend date is Thursday, November 24th.
In other Tate & Lyle PLC news, insider Javed Ahmed acquired 30,000 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were acquired at an average price of GBX 660 ($8.25) per share, with a total value of £198,000 ($247,376.31). Also, insider Hampton,Nick sold 45,600 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of GBX 739 ($9.23), for a total transaction of £336,984 ($421,019.49).
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.
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