Jefferies Group reissued their buy rating on shares of Tate & Lyle PLC (LON:TATE) in a research note issued to investors on Thursday morning. They currently have a GBX 825 ($10.77) target price on the stock.
TATE has been the topic of several other reports. Societe Generale raised Tate & Lyle PLC to a buy rating and upped their price objective for the stock from GBX 780 ($10.18) to GBX 830 ($10.83) in a report on Friday, September 9th. BNP Paribas reaffirmed a neutral rating and set a GBX 700 ($9.14) price objective on shares of Tate & Lyle PLC in a report on Thursday, September 8th. Liberum Capital restated a buy rating and set a GBX 790 ($10.31) price target on shares of Tate & Lyle PLC in a report on Wednesday, August 31st. Citigroup Inc. increased their price target on Tate & Lyle PLC from GBX 680 ($8.88) to GBX 750 ($9.79) and gave the company a neutral rating in a report on Tuesday, July 5th. Finally, Goldman Sachs Group Inc. set a GBX 630 ($8.22) price target on Tate & Lyle PLC and gave the company a neutral rating in a report on Wednesday, June 1st. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Tate & Lyle PLC has a consensus rating of Hold and an average target price of GBX 725.83 ($9.47).
Shares of Tate & Lyle PLC (LON:TATE) opened at 727.25 on Thursday. The stock’s 50 day moving average is GBX 729.58 and its 200-day moving average is GBX 649.75. Tate & Lyle PLC has a one year low of GBX 529.00 and a one year high of GBX 747.32. The company’s market cap is GBX 3.37 billion.
In other news, insider Hampton,Nick sold 45,600 shares of the stock in a transaction on Friday, August 19th. The stock was sold at an average price of GBX 739 ($9.65), for a total transaction of £336,984 ($439,869.47). Also, insider Frederiksen,Lars purchased 15,000 shares of the company’s stock in a transaction dated Monday, July 25th. The shares were purchased at an average cost 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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