Several other equities research analysts also recently commented on TATE. Societe Generale raised shares of Tate & Lyle PLC to a buy rating and boosted their target price for the stock from GBX 780 ($9.51) to GBX 830 ($10.12) in a research report on Friday, September 9th. Liberum Capital reissued a buy rating and set a GBX 790 ($9.63) target price on shares of Tate & Lyle PLC in a research report on Tuesday, July 5th. Deutsche Bank AG boosted their target price on shares of Tate & Lyle PLC from GBX 800 ($9.75) to GBX 840 ($10.24) and gave the stock a buy rating in a research report on Friday, July 22nd. Finally, Jefferies Group boosted their target price on shares of Tate & Lyle PLC from GBX 640 ($7.80) to GBX 720 ($8.78) and gave the stock a buy rating in a research report on Wednesday, June 15th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Tate & Lyle PLC currently has an average rating of Hold and a consensus price target of GBX 770.25 ($9.39).
Tate & Lyle PLC (LON:TATE) opened at 787.50 on Thursday. The firm has a 50-day moving average of GBX 746.62 and a 200 day moving average of GBX 675.71. Tate & Lyle PLC has a 12-month low of GBX 529.00 and a 12-month high of GBX 802.00. The company’s market capitalization is GBX 3.65 billion.
In other Tate & Lyle PLC news, insider Hampton,Nick sold 45,600 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of GBX 739 ($9.01), for a total value of £336,984 ($410,705.67). Also, insider Frederiksen,Lars bought 15,000 shares of the company’s stock in a transaction on Monday, July 25th. The stock was bought at an average price of GBX 699 ($8.52) per share, for a total transaction of £104,850 ($127,787.93).
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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