Tate & Lyle PLC (TATE) PT Raised to GBX 812
Tate & Lyle PLC (LON:TATE) had its price target boosted by analysts at Numis Securities Ltd from GBX 758 ($9.39) to GBX 812 ($10.06) in a research note issued to investors on Wednesday. The firm presently has a “hold” rating on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 18.71% from the company’s current price.
TATE has been the subject of several other reports. Societe Generale upgraded Tate & Lyle PLC to a ” buy” rating and boosted their price objective for the stock from GBX 780 ($9.66) to GBX 830 ($10.28) in a research report on Friday, September 9th. BNP Paribas reiterated a “neutral” rating and set a GBX 700 ($8.67) price objective on shares of Tate & Lyle PLC in a research report on Thursday, September 8th. Jefferies Group reiterated a “buy” rating and set a GBX 825 ($10.22) price objective on shares of Tate & Lyle PLC in a research report on Thursday, September 22nd. Liberum Capital reiterated a “buy” rating and set a GBX 790 ($9.79) price objective on shares of Tate & Lyle PLC in a research report on Wednesday, August 31st. Finally, JPMorgan Chase & Co. set a GBX 770 ($9.54) price objective on Tate & Lyle PLC and gave the stock a “neutral” rating in a research report on Thursday, October 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Tate & Lyle PLC currently has an average rating of “Hold” and an average target price of GBX 791 ($9.80).
Shares of Tate & Lyle PLC (LON:TATE) opened at 686.00 on Wednesday. The firm’s 50-day moving average price is GBX 762.97 and its 200-day moving average price is GBX 695.43. The firm’s market cap is GBX 3.19 billion. Tate & Lyle PLC has a one year low of GBX 529.00 and a one year high of GBX 850.00.
The company also recently announced a dividend, which will be paid on Tuesday, January 3rd. Shareholders 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 other Tate & Lyle PLC 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 ($417,421.03). Also, insider Javed Ahmed bought 30,000 shares of the business’s stock in a transaction on Wednesday, November 9th. The shares were purchased at an average cost of GBX 660 ($8.18) per share, for a total transaction of £198,000 ($245,261.98).
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.