Tate & Lyle PLC (TATE) Given a GBX 780 Price Target at Credit Suisse Group AG
Credit Suisse Group AG set a GBX 780 ($9.65) price objective on Tate & Lyle PLC (LON:TATE) in a research report released on Tuesday morning. The brokerage currently has a a neutral rating on the stock.
Several other equities analysts have also issued reports on TATE. 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 report on Friday, July 22nd. Liberum Capital restated a buy rating and issued a GBX 790 ($9.78) target price on shares of Tate & Lyle PLC in a research note on Tuesday, July 5th. BNP Paribas restated a neutral rating and issued a GBX 700 ($8.66) target price on shares of Tate & Lyle PLC in a research note on Thursday, September 8th. Davy Research restated a neutral rating on shares of Tate & Lyle PLC in a research note on Wednesday, June 22nd. Finally, Berenberg Bank set a GBX 715 ($8.85) target price on Tate & Lyle PLC and gave the company a neutral rating in a research note on Friday, July 22nd. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Tate & Lyle PLC has an average rating of Hold and an average price target of GBX 754.42 ($9.34).
Shares of Tate & Lyle PLC (LON:TATE) opened at 797.75 on Tuesday. The company has a 50 day moving average of GBX 738.88 and a 200-day moving average of GBX 668.17. The firm’s market cap is GBX 3.70 billion. Tate & Lyle PLC has a 12-month low of GBX 529.00 and a 12-month high of GBX 800.50.
In related news, insider Hampton,Nick sold 45,600 shares of Tate & Lyle PLC stock in a transaction dated Friday, August 19th. The stock was sold at an average price of GBX 739 ($9.15), for a total value of £336,984 ($417,059.41). Also, insider Frederiksen,Lars purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was bought at an average price of GBX 699 ($8.65) per share, with a total value of £104,850 ($129,764.85).
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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