Numis Securities Ltd reiterated their hold rating on shares of Tate & Lyle PLC (LON:TATE) in a research report sent to investors on Thursday morning. The firm currently has a GBX 758 ($9.38) price objective on the stock.
Several other analysts also recently weighed in on the company. Societe Generale reiterated a buy rating on shares of Tate & Lyle PLC in a research report on Tuesday, June 28th. Goldman Sachs Group Inc. set a GBX 670 ($8.29) target price on Tate & Lyle PLC and gave the stock a neutral rating in a research report on Tuesday, June 28th. Liberum Capital reiterated a buy rating and set a GBX 790 ($9.78) target price on shares of Tate & Lyle PLC in a research report on Thursday, August 11th. BNP Paribas reiterated a neutral rating and set a GBX 700 ($8.66) target price on shares of Tate & Lyle PLC in a research report on Friday, July 22nd. Finally, Jefferies Group lifted their target price on Tate & Lyle PLC from GBX 640 ($7.92) to GBX 720 ($8.91) and gave the stock a buy rating in a research report on Wednesday, June 15th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of GBX 754.42 ($9.34).
Tate & Lyle PLC (LON:TATE) opened at 799.00 on Thursday. Tate & Lyle PLC has a 1-year low of GBX 529.00 and a 1-year high of GBX 800.18. The firm’s 50-day moving average is GBX 738.88 and its 200 day moving average is GBX 668.17. The company’s market cap is GBX 3.71 billion.
In related news, insider Frederiksen,Lars bought 15,000 shares of the business’s stock in a transaction on Monday, July 25th. The shares were bought at an average price of GBX 699 ($8.65) per share, for a total transaction of £104,850 ($129,764.85). Also, insider Hampton,Nick sold 45,600 shares of Tate & Lyle PLC stock in a transaction dated Friday, August 19th. The shares were sold at an average price of GBX 739 ($9.15), for a total value of £336,984 ($417,059.41).
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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