Tate & Lyle PLC (TATE) Price Target Increased to GBX 770 by Analysts at BNP Paribas
Tate & Lyle PLC (LON:TATE) had its price objective raised by BNP Paribas from GBX 700 ($8.66) to GBX 770 ($9.53) in a research report report published on Friday morning. The firm currently has a neutral rating on the stock.
Several other research analysts have also commented on TATE. JPMorgan Chase & Co. set a GBX 770 ($9.53) price target on shares of Tate & Lyle PLC and gave the company a neutral rating in a report on Thursday. Goldman Sachs Group Inc. set a GBX 715 ($8.85) price target on shares of Tate & Lyle PLC and gave the company a neutral rating in a report on Tuesday, October 11th. Credit Suisse Group AG set a GBX 780 ($9.65) price target on shares of Tate & Lyle PLC and gave the company a neutral rating in a report on Tuesday, October 11th. Liberum Capital restated a buy rating and issued a GBX 795 ($9.84) price target on shares of Tate & Lyle PLC in a report on Monday, October 10th. Finally, Numis Securities Ltd restated a hold rating and issued a GBX 758 ($9.38) price target on shares of Tate & Lyle PLC in a report on Thursday, October 6th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of GBX 770.25 ($9.53).
Shares of Tate & Lyle PLC (LON:TATE) traded down 1.63% on Friday, hitting GBX 785.50. 1,021,616 shares of the stock traded hands. The firm’s market cap is GBX 3.65 billion. The firm’s 50-day moving average is GBX 743.82 and its 200 day moving average is GBX 671.30. Tate & Lyle PLC has a 12-month low of GBX 529.00 and a 12-month high of GBX 802.00.
In related news, insider Hampton,Nick sold 45,600 shares of Tate & Lyle PLC stock in a transaction on Friday, August 19th. The shares were 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).
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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