Tate & Lyle PLC (TATE) Rating Reiterated by Jefferies Group
Tate & Lyle PLC (LON:TATE)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Group in a note issued to investors on Thursday. They presently have a GBX 825 ($10.77) price objective on the stock. Jefferies Group’s price target would suggest a potential upside of 14.42% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on the stock. Societe Generale reaffirmed a “buy” rating on shares of Tate & Lyle PLC in a research report on Tuesday, June 28th. Goldman Sachs Group Inc. set a GBX 670 ($8.75) target price on shares of Tate & Lyle PLC and gave the company a “neutral” rating in a research note on Tuesday, June 28th. Liberum Capital reiterated a “buy” rating and issued a GBX 790 ($10.31) target price on shares of Tate & Lyle PLC in a research note on Thursday, August 11th. BNP Paribas reiterated a “neutral” rating and issued a GBX 700 ($9.14) target price on shares of Tate & Lyle PLC in a research note on Friday, July 22nd. Finally, Deutsche Bank AG boosted their target price on shares of Tate & Lyle PLC from GBX 800 ($10.44) to GBX 840 ($10.96) and gave the company a “buy” rating in a research note on Friday, July 22nd. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Tate & Lyle PLC presently has an average rating of “Hold” and an average target price of GBX 725.83 ($9.47).
Tate & Lyle PLC (LON:TATE) opened at 725.50 on Thursday. The company’s market capitalization is GBX 3.37 billion. Tate & Lyle PLC has a 52 week low of GBX 529.00 and a 52 week high of GBX 747.32. The company has a 50-day moving average of GBX 729.40 and a 200-day moving average of GBX 649.20.
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In related news, insider Frederiksen,Lars purchased 15,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were purchased at an average price of GBX 699 ($9.12) per share, with a total value of £104,850 ($136,862.03). 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 ($9.65), for a total transaction of £336,984 ($439,869.47).
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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