Liberum Capital Increases Tate & Lyle PLC (TATE) Price Target to GBX 795
Tate & Lyle PLC (LON:TATE) had its target price boosted by analysts at Liberum Capital from GBX 790 ($10.31) to GBX 795 ($10.38) in a research note issued on Friday. The brokerage presently has a “buy” rating on the stock. Liberum Capital’s price objective points to a potential upside of 7.43% from the company’s current price.
A number of other equities analysts also recently commented on the company. Jefferies Group reiterated a “buy” rating and issued a GBX 825 ($10.77) price target on shares of Tate & Lyle PLC in a research note on Thursday, September 22nd. Societe Generale raised shares of Tate & Lyle PLC to a ” buy” rating and raised their target price for the stock from GBX 780 ($10.18) to GBX 830 ($10.83) in a report on Friday, September 9th. BNP Paribas reissued a “neutral” rating and issued a GBX 700 ($9.14) target price on shares of Tate & Lyle PLC in a report on Thursday, September 8th. Numis Securities Ltd reissued a “hold” rating and issued a GBX 670 ($8.75) target price on shares of Tate & Lyle PLC in a report on Friday, July 22nd. Finally, Berenberg Bank set a GBX 715 ($9.33) target price on shares of Tate & Lyle PLC and gave the stock a “neutral” rating in a report on Friday, July 22nd. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 726.25 ($9.48).
Tate & Lyle PLC (LON:TATE) opened at 733.50 on Friday. Tate & Lyle PLC has a 52-week low of GBX 529.00 and a 52-week high of GBX 747.32. The company’s market capitalization is GBX 3.40 billion. The company has a 50 day moving average of GBX 730.38 and a 200 day moving average of GBX 655.49.
In related news, 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). Also, insider Frederiksen,Lars bought 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were purchased at an average cost of GBX 699 ($9.12) per share, for a total transaction of £104,850 ($136,862.03).
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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