Liberum Capital Reiterates “Buy” Rating for Tate & Lyle PLC (TATE)
Tate & Lyle PLC (LON:TATE)‘s stock had its “buy” rating reiterated by equities researchers at Liberum Capital in a research note issued to investors on Monday. They currently have a GBX 795 ($10.38) price target on the stock. Liberum Capital’s price objective would indicate a potential upside of 2.25% from the company’s current price.
Other equities research analysts also recently issued reports about the company. Societe Generale raised Tate & Lyle PLC to a ” buy” rating and raised their price target for the company from GBX 780 ($10.18) to GBX 830 ($10.83) in a research report on Friday, September 9th. Jefferies Group raised their price target on Tate & Lyle PLC from GBX 640 ($8.35) to GBX 720 ($9.40) and gave the company a “buy” rating in a research report on Wednesday, June 15th. Deutsche Bank AG raised their price target on Tate & Lyle PLC from GBX 800 ($10.44) to GBX 840 ($10.96) and gave the company a “buy” rating in a research report on Friday, July 22nd. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 670 ($8.75) price target on shares of Tate & Lyle PLC in a research report on Friday, July 22nd. Finally, BNP Paribas reissued a “neutral” rating and set a GBX 700 ($9.14) target price on shares of Tate & Lyle PLC in a research report on Thursday, July 14th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 734.42 ($9.59).
Tate & Lyle PLC (LON:TATE) opened at 779.50 on Monday. The company’s market capitalization is GBX 3.62 billion. Tate & Lyle PLC has a one year low of GBX 529.00 and a one year high of GBX 783.50. The company has a 50-day moving average price of GBX 736.21 and a 200-day moving average price of GBX 663.41.
In other news, insider Frederiksen,Lars bought 15,000 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was bought at an average price of GBX 699 ($9.12) per share, for a total transaction of £104,850 ($136,862.03). Also, insider Hampton,Nick sold 45,600 shares of Tate & Lyle PLC 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 transaction 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.
Receive News & Stock Ratings for Tate & Lyle PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tate & Lyle PLC and related stocks with our FREE daily email newsletter.