Tate & Lyle PLC’s (TATE) “Hold” Rating Reaffirmed at Numis Securities Ltd
Numis Securities Ltd reissued their hold rating on shares of Tate & Lyle PLC (LON:TATE) in a report issued on Thursday morning. Numis Securities Ltd currently has a GBX 758 ($9.89) price objective on the stock.
Other research analysts have also recently issued research reports about the stock. Societe Generale raised shares of Tate & Lyle PLC to a buy rating and boosted their price target for the company from GBX 780 ($10.18) to GBX 830 ($10.83) in a research report on Friday, September 9th. Liberum Capital restated a buy rating and issued a GBX 790 ($10.31) price objective on shares of Tate & Lyle PLC in a report on Tuesday, July 5th. Deutsche Bank AG boosted their price objective on shares of Tate & Lyle PLC from GBX 800 ($10.44) to GBX 840 ($10.96) and gave the company a buy rating in a report on Friday, July 22nd. Finally, Jefferies Group boosted their price objective 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 report on Wednesday, June 15th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of GBX 734.42 ($9.59).
Tate & Lyle PLC (LON:TATE) traded up 0.78% during mid-day trading on Thursday, hitting GBX 777.50. 1,807,965 shares of the stock were exchanged. Tate & Lyle PLC has a 12-month low of GBX 529.00 and a 12-month high of GBX 781.00. The company has a 50 day moving average of GBX 735.03 and a 200 day moving average of GBX 662.61. The firm’s market cap is GBX 3.61 billion.
In other Tate & Lyle PLC news, insider Frederiksen,Lars purchased 15,000 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was purchased at an average cost of GBX 699 ($9.12) per share, with a total value of £104,850 ($136,862.03). Also, insider Hampton,Nick sold 45,600 shares of the company’s stock in a transaction that occurred on 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).
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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