Tate & Lyle PLC (TATE) Given a GBX 770 Price Target at JPMorgan Chase & Co.
TATE has been the topic of a number of other research reports. Societe Generale upped their price target on shares of Tate & Lyle PLC from GBX 700 ($8.66) to GBX 780 ($9.65) and gave the company a buy rating in a research note on Tuesday, July 5th. Citigroup Inc. increased their target price on shares of Tate & Lyle PLC from GBX 680 ($8.42) to GBX 750 ($9.28) and gave the stock a neutral rating in a research report on Tuesday, July 5th. Numis Securities Ltd restated a hold rating and set a GBX 758 ($9.38) target price on shares of Tate & Lyle PLC in a research report on Thursday, October 6th. Liberum Capital restated a buy rating and set a GBX 790 ($9.78) target price on shares of Tate & Lyle PLC in a research report on Thursday, August 11th. Finally, Jefferies Group restated a buy rating and set a GBX 825 ($10.21) target price on shares of Tate & Lyle PLC in a research report on Thursday, September 22nd. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of GBX 770.25 ($9.53).
Shares of Tate & Lyle PLC (LON:TATE) traded up 0.88% on Thursday, reaching GBX 802.00. 1,371,041 shares of the company’s stock were exchanged. The company’s market cap is GBX 3.72 billion. The firm’s 50-day moving average price is GBX 742.06 and its 200 day moving average price is GBX 669.94. Tate & Lyle PLC has a 12 month low of GBX 529.00 and a 12 month high of GBX 802.00.
In other Tate & Lyle PLC news, insider Frederiksen,Lars purchased 15,000 shares of the company’s stock in a transaction dated Monday, July 25th. The stock was purchased at an average price of GBX 699 ($8.65) per share, with a total value of £104,850 ($129,764.85). Also, insider Hampton,Nick sold 45,600 shares of the firm’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).
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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