Tate & Lyle PLC (LON:TATE) had its target price hoisted by Deutsche Bank AG from GBX 840 ($10.96) to GBX 850 ($11.10) in a research note issued to investors on Thursday morning. Deutsche Bank AG currently has a buy rating on the stock.
A number of other equities analysts also recently weighed in on the stock. Societe Generale reissued a buy rating on shares of Tate & Lyle PLC in a report on Tuesday, June 28th. Goldman Sachs Group Inc. set a GBX 670 ($8.75) price target on shares of Tate & Lyle PLC and gave the stock a neutral rating in a report on Tuesday, June 28th. Liberum Capital reissued a buy rating and issued a GBX 790 ($10.31) price target on shares of Tate & Lyle PLC in a report on Thursday, August 11th. BNP Paribas reissued a neutral rating and issued a GBX 700 ($9.14) price target on shares of Tate & Lyle PLC in a report on Friday, July 22nd. Finally, Jefferies Group boosted their price target on shares of Tate & Lyle PLC from GBX 640 ($8.35) to GBX 720 ($9.40) and gave the stock a buy rating in a report on Wednesday, June 15th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 734.42 ($9.59).
Tate & Lyle PLC (LON:TATE) traded up 0.78% during trading on Thursday, reaching GBX 777.50. 1,807,965 shares of the company’s stock traded hands. The stock’s market cap is GBX 3.61 billion. Tate & Lyle PLC has a 52-week low of GBX 529.00 and a 52-week high of GBX 781.00. The company’s 50 day moving average is GBX 735.03 and its 200-day moving average is GBX 662.61.
In related news, insider Hampton,Nick sold 45,600 shares of the company’s 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 value of £336,984 ($439,869.47). Also, insider Frederiksen,Lars acquired 15,000 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The stock was bought at an average price of GBX 699 ($9.12) per share, for a total transaction of £104,850 ($136,862.03).
About Tate & Lyle PLC
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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