Javed Ahmed Purchases 30,000 Shares of Tate & Lyle PLC (TATE) Stock
Tate & Lyle PLC (LON:TATE) insider Javed Ahmed acquired 30,000 shares of Tate & Lyle PLC stock in a transaction that occurred on Wednesday, November 9th. The shares were purchased at an average price of GBX 660 ($8.18) per share, with a total value of £198,000 ($245,261.98).
Shares of Tate & Lyle PLC (LON:TATE) opened at 678.2032 on Monday. The company’s 50-day moving average is GBX 761.84 and its 200-day moving average is GBX 695.32. The stock’s market capitalization is GBX 3.15 billion. Tate & Lyle PLC has a one year low of GBX 529.00 and a one year high of GBX 850.00.
The business also recently disclosed a dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, November 24th will be given a dividend of GBX 8.20 ($0.10) per share. The ex-dividend date of this dividend is Thursday, November 24th. This represents a dividend yield of 1.02%.
Several research analysts recently commented on TATE shares. BNP Paribas boosted their price objective on shares of Tate & Lyle PLC from GBX 700 ($8.67) to GBX 770 ($9.54) and gave the stock a “neutral” rating in a research note on Friday, October 14th. Societe Generale restated a “buy” rating and set a GBX 830 ($10.28) price target on shares of Tate & Lyle PLC in a research note on Thursday, November 3rd. Credit Suisse Group AG restated a “neutral” rating and set a GBX 780 ($9.66) price target on shares of Tate & Lyle PLC in a research note on Tuesday, November 1st. Liberum Capital restated a “buy” rating and set a GBX 795 ($9.85) price target on shares of Tate & Lyle PLC in a research note on Tuesday, October 25th. Finally, Jefferies Group upped their price target on shares of Tate & Lyle PLC from GBX 720 ($8.92) to GBX 825 ($10.22) and gave the company a “buy” rating in a research note on Friday, August 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 791 ($9.80).
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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