Tate & Lyle PLC (TATE) Given New GBX 850 Price Target at Deutsche Bank AG
Tate & Lyle PLC (LON:TATE) had its price target hoisted by Deutsche Bank AG from GBX 840 ($10.96) to GBX 850 ($11.10) in a research note published on Thursday morning. They currently have a buy rating on the stock.
A number of other brokerages have also recently commented on TATE. Societe Generale reiterated a buy rating on shares of Tate & Lyle PLC in a research note on Tuesday, June 28th. Liberum Capital reiterated a buy rating and issued a GBX 790 ($10.31) price target on shares of Tate & Lyle PLC in a research note on Monday, July 11th. BNP Paribas reiterated a neutral rating and issued a GBX 700 ($9.14) price target on shares of Tate & Lyle PLC in a research note on Friday, July 22nd. Jefferies Group increased their price target on shares of Tate & Lyle PLC from GBX 640 ($8.35) to GBX 720 ($9.40) and gave the company a buy rating in a research note on Wednesday, June 15th. Finally, Numis Securities Ltd increased their price target on shares of Tate & Lyle PLC from GBX 598 ($7.81) to GBX 628 ($8.20) and gave the company a hold rating in a research note on Wednesday, June 8th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of GBX 734.42 ($9.59).
Tate & Lyle PLC (LON:TATE) traded up 0.78% on Thursday, hitting GBX 777.50. 1,807,965 shares of the stock traded hands. The firm’s 50 day moving average is GBX 735.03 and its 200 day moving average is GBX 662.61. The stock’s market cap is GBX 3.61 billion. Tate & Lyle PLC has a 52 week low of GBX 529.00 and a 52 week high of GBX 781.00.
In other Tate & Lyle PLC news, insider Hampton,Nick sold 45,600 shares of the firm’s stock in a transaction dated 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). Also, insider Frederiksen,Lars bought 15,000 shares of the firm’s stock in a transaction on 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).
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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