Tate & Lyle PLC (LON:TATE) has received a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the company. Nine research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 726.25 ($9.48).
A number of brokerages recently commented on TATE. Numis Securities Ltd lifted their price objective on Tate & Lyle PLC from GBX 598 ($7.81) to GBX 628 ($8.20) and gave the stock a “hold” rating in a research report on Wednesday, June 8th. Jefferies Group lifted their price objective on Tate & Lyle PLC from GBX 640 ($8.35) to GBX 720 ($9.40) and gave the stock a “buy” rating in a research report on Wednesday, June 15th. Davy Research reiterated a “neutral” rating on shares of Tate & Lyle PLC in a research report on Wednesday, June 22nd. BNP Paribas reiterated a “neutral” rating and set a GBX 640 ($8.35) price objective on shares of Tate & Lyle PLC in a research report on Monday, June 27th. Finally, Societe Generale reiterated a “buy” rating on shares of Tate & Lyle PLC in a research report on Tuesday, June 28th.
Tate & Lyle PLC (LON:TATE) traded up 1.22% during trading on Friday, hitting GBX 749.00. The stock had a trading volume of 2,753,188 shares. The company’s market cap is GBX 3.48 billion. Tate & Lyle PLC has a one year low of GBX 529.00 and a one year high of GBX 749.00. The firm has a 50 day moving average of GBX 731.27 and a 200-day moving average of GBX 656.72.
In other news, insider Frederiksen,Lars acquired 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The shares were purchased at an average price of GBX 699 ($9.12) per share, for a total transaction of £104,850 ($136,862.03). Also, insider Hampton,Nick sold 45,600 shares of the business’s stock in a transaction 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).
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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