Tate & Lyle PLC (LON:TATE) had its price objective increased by Liberum Capital from GBX 790 ($10.31) to GBX 795 ($10.38) in a research report released on Friday. The brokerage currently has a buy rating on the stock.
A number of other research firms also recently issued reports on TATE. Societe Generale upgraded shares of Tate & Lyle PLC to a buy rating and raised 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 reiterated a neutral rating and issued a GBX 640 ($8.35) target price on shares of Tate & Lyle PLC in a research note on Monday, June 27th. Goldman Sachs Group Inc. set a GBX 670 ($8.75) target price on shares of Tate & Lyle PLC and gave the stock a neutral rating in a research note on Tuesday, June 28th. Jefferies Group lifted their target price on shares of Tate & Lyle PLC from GBX 720 ($9.40) to GBX 825 ($10.77) and gave the stock a buy rating in a research note on Friday, August 26th. Finally, Numis Securities Ltd reiterated a hold rating and issued a GBX 670 ($8.75) target price on shares of Tate & Lyle PLC in a research note on Friday, July 22nd. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of GBX 726.25 ($9.48).
Tate & Lyle PLC (LON:TATE) opened at 762.00 on Friday. The company has a 50-day moving average of GBX 733.94 and a 200 day moving average of GBX 661.84. Tate & Lyle PLC has a 52 week low of GBX 529.00 and a 52 week high of GBX 781.00. The company’s market cap is GBX 3.54 billion.
In other Tate & Lyle PLC news, insider Frederiksen,Lars acquired 15,000 shares of the stock in a transaction dated Monday, July 25th. The stock was purchased at an average cost 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 that occurred 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).
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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