Jefferies Group Trims Tate & Lyle PLC (TATE) Target Price to GBX 870
Tate & Lyle PLC (LON:TATE) had its price objective lowered by Jefferies Group from GBX 880 ($10.90) to GBX 870 ($10.78) in a research note released on Tuesday. The brokerage currently has a buy rating on the stock.
Other analysts also recently issued research reports about the stock. Liberum Capital reaffirmed a buy rating and set a GBX 790 ($9.79) target price on shares of Tate & Lyle PLC in a report on Monday, July 11th. BNP Paribas reiterated a neutral rating and issued a GBX 700 ($8.67) price objective on shares of Tate & Lyle PLC in a research note on Friday, July 22nd. Citigroup Inc. reiterated a neutral rating and issued a GBX 900 ($11.15) price objective on shares of Tate & Lyle PLC in a research note on Friday, November 4th. Societe Generale upgraded shares of Tate & Lyle PLC to a buy rating and lifted their price objective for the stock from GBX 780 ($9.66) to GBX 830 ($10.28) in a research note on Thursday, September 8th. Finally, Deutsche Bank AG lifted their price objective on shares of Tate & Lyle PLC from GBX 800 ($9.91) to GBX 840 ($10.41) and gave the stock a buy rating in a research note on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 791 ($9.80).
Shares of Tate & Lyle PLC (LON:TATE) opened at 686.00 on Tuesday. The company’s market capitalization is GBX 3.19 billion. The stock’s 50 day moving average is GBX 762.97 and its 200 day moving average is GBX 695.43. Tate & Lyle PLC has a 1-year low of GBX 529.00 and a 1-year high of GBX 850.00.
The business also recently announced a dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, November 24th will be paid a dividend of GBX 8.20 ($0.10) per share. This represents a yield of 1.02%. The ex-dividend date is Thursday, November 24th.
In related news, insider Javed Ahmed bought 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The shares were acquired at an average cost of GBX 660 ($8.18) per share, with a total value of £198,000 ($245,261.98). Also, insider Hampton,Nick sold 45,600 shares of the stock in a transaction on Friday, August 19th. The stock was sold at an average price of GBX 739 ($9.15), for a total transaction of £336,984 ($417,421.03).
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.
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.