Goldman Sachs Group Inc. Analysts Give Tate & Lyle PLC (TATE) a GBX 715 Price Target
Tate & Lyle PLC (LON:TATE) has been given a GBX 715 ($8.85) target price by equities researchers at Goldman Sachs Group Inc. in a research report issued on Tuesday. The firm currently has a a “neutral” rating on the stock. Goldman Sachs Group Inc.’s target price suggests a potential downside of 7.92% from the company’s current price.
Several other analysts have also recently weighed in on TATE. Societe Generale upgraded shares of Tate & Lyle PLC to a ” buy” rating and lifted their price objective for the stock from GBX 780 ($9.65) to GBX 830 ($10.27) in a research note on Friday, September 9th. BNP Paribas reiterated a “neutral” rating and issued a GBX 640 ($7.92) price objective on shares of Tate & Lyle PLC in a research note on Monday, June 27th. Jefferies Group lifted their price objective on shares of Tate & Lyle PLC from GBX 720 ($8.91) to GBX 825 ($10.21) and gave the stock a “buy” rating in a research note on Friday, August 26th. Liberum Capital reiterated a “buy” rating and issued a GBX 790 ($9.78) price objective on shares of Tate & Lyle PLC in a research note on Thursday, July 21st. Finally, Numis Securities Ltd reiterated a “hold” rating and issued a GBX 670 ($8.29) price objective on shares of Tate & Lyle PLC in a research note on Friday, July 22nd. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 754.42 ($9.34).
In related news, insider Hampton,Nick sold 45,600 shares of the business’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of GBX 739 ($9.15), for a total transaction of £336,984 ($417,059.41). 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 bought at an average price of GBX 699 ($8.65) per share, for a total transaction of £104,850 ($129,764.85).
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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