Tate & Lyle PLC’s (TATE) “Buy” Rating Reaffirmed at Liberum Capital
Liberum Capital reiterated their buy rating on shares of Tate & Lyle PLC (LON:TATE) in a research report released on Wednesday morning. Liberum Capital currently has a GBX 850 ($10.99) target price on the stock.
Several other equities analysts have also recently issued reports on the company. Deutsche Bank AG reissued a hold rating and set a GBX 725 ($9.38) target price on shares of Tate & Lyle PLC in a research note on Friday, July 28th. Shore Capital reissued a hold rating on shares of Tate & Lyle PLC in a research note on Friday, July 28th. Kepler Capital Markets reissued a reduce rating and set a GBX 690 ($8.92) target price on shares of Tate & Lyle PLC in a research note on Thursday, July 27th. Jefferies Group LLC cut Tate & Lyle PLC to a hold rating and reduced their target price for the company from GBX 870 ($11.25) to GBX 800 ($10.35) in a research note on Wednesday, June 7th. Finally, Citigroup Inc. reissued a neutral rating and set a GBX 800 ($10.35) target price on shares of Tate & Lyle PLC in a research note on Tuesday, June 6th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of GBX 778.23 ($10.07).
Shares of Tate & Lyle PLC (TATE) opened at 679.00 on Wednesday. Tate & Lyle PLC has a 52-week low of GBX 653.50 and a 52-week high of GBX 850.00. The firm’s market cap is GBX 3.14 billion. The firm has a 50-day moving average of GBX 678.28 and a 200 day moving average of GBX 730.27.
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In related news, insider Javed Ahmed sold 85,813 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of GBX 727 ($9.40), for a total value of £623,860.51 ($806,855.29).
Tate & Lyle PLC Company Profile
Tate & Lyle PLC is a provider of ingredients and solutions to the food, beverage and other industries. The Company’s segments include Speciality Food Ingredients and Bulk Ingredients. The Speciality Food Ingredients segment’s product categories include dairy, beverage, bakery and convenience. The Bulk Ingredients segment’s product lines include bulk sweeteners for food and beverage customers, and industrial starches for paper and construction industries.
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