Other equities research analysts also recently issued research reports about the stock. Societe Generale upgraded shares of Tate & Lyle PLC to a buy rating and lifted their price target for the stock from GBX 780 ($9.65) to GBX 830 ($10.27) in a research note on Friday, September 9th. Liberum Capital restated a buy rating and issued a GBX 790 ($9.78) target price on shares of Tate & Lyle PLC in a research note on Monday, July 11th. Deutsche Bank AG boosted their target price on shares of Tate & Lyle PLC from GBX 800 ($9.90) to GBX 840 ($10.40) and gave the company a buy rating in a research note on Friday, July 22nd. Finally, Jefferies Group boosted their target price on shares of Tate & Lyle PLC from GBX 640 ($7.92) to GBX 720 ($8.91) and gave the company a buy rating in a research note on Wednesday, June 15th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 754.42 ($9.34).
Tate & Lyle PLC (LON:TATE) opened at 797.75 on Tuesday. The firm’s 50-day moving average is GBX 738.88 and its 200-day moving average is GBX 668.17. Tate & Lyle PLC has a 1-year low of GBX 529.00 and a 1-year high of GBX 800.50. The company’s market capitalization is GBX 3.70 billion.
In related news, insider Hampton,Nick sold 45,600 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of GBX 739 ($9.15), for a total value of £336,984 ($417,059.41). Also, insider Frederiksen,Lars bought 15,000 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The stock was bought at an average cost of GBX 699 ($8.65) per share, for a total transaction of £104,850 ($129,764.85).
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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