Other analysts have also issued reports about the stock. Societe Generale upgraded shares of Tate & Lyle PLC to a buy rating and raised their price objective for the company from GBX 780 ($9.65) to GBX 830 ($10.27) in a research note on Friday, September 9th. BNP Paribas restated a neutral rating and set a GBX 700 ($8.66) price objective on shares of Tate & Lyle PLC in a research note on Thursday, September 8th. Jefferies Group restated a buy rating and set a GBX 825 ($10.21) price objective on shares of Tate & Lyle PLC in a research note on Thursday, September 22nd. Liberum Capital restated a buy rating and set a GBX 790 ($9.78) price objective on shares of Tate & Lyle PLC in a research note on Wednesday, August 31st. Finally, Deutsche Bank AG raised their price objective on shares of Tate & Lyle PLC from GBX 840 ($10.40) to GBX 850 ($10.52) and gave the company a buy rating in a research note on Thursday, October 6th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of GBX 764.42 ($9.46).
Shares of Tate & Lyle PLC (LON:TATE) opened at 795.00 on Tuesday. The stock has a 50 day moving average of GBX 742.06 and a 200 day moving average of GBX 669.94. Tate & Lyle PLC has a 52-week low of GBX 529.00 and a 52-week high of GBX 800.78. The company’s market cap is GBX 3.69 billion.
In other news, insider Frederiksen,Lars bought 15,000 shares of the firm’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 the firm’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of GBX 739 ($9.15), for a total transaction 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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