Tate & Lyle PLC (TATE) Given “Buy” Rating at Liberum Capital
Tate & Lyle PLC (LON:TATE)‘s stock had its “buy” rating reissued by equities researchers at Liberum Capital in a research note issued to investors on Monday. They currently have a GBX 795 ($10.38) target price on the stock. Liberum Capital’s target price would suggest a potential upside of 2.25% from the company’s previous close.
A number of other research firms also recently commented on TATE. Societe Generale upgraded Tate & Lyle PLC to a ” buy” rating and lifted their price target for the stock from GBX 780 ($10.18) to GBX 830 ($10.83) in a research note on Friday, September 9th. BNP Paribas reiterated a “neutral” rating and issued a GBX 640 ($8.35) price target on shares of Tate & Lyle PLC in a research note on Monday, June 27th. Goldman Sachs Group Inc. set a GBX 670 ($8.75) price target on Tate & Lyle PLC and gave the stock a “neutral” rating in a research note on Tuesday, June 28th. Jefferies Group raised their target price on shares of Tate & Lyle PLC from GBX 720 ($9.40) to GBX 825 ($10.77) and gave the stock a “buy” rating in a report on Friday, August 26th. Finally, Numis Securities Ltd reissued a “hold” rating and issued a GBX 670 ($8.75) target price on shares of Tate & Lyle PLC in a report on Friday, July 22nd. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 734.42 ($9.59).
Shares of Tate & Lyle PLC (LON:TATE) opened at 779.50 on Monday. Tate & Lyle PLC has a 12-month low of GBX 529.00 and a 12-month high of GBX 783.50. The company has a 50 day moving average price of GBX 736.21 and a 200-day moving average price of GBX 663.41. The firm’s market cap is GBX 3.62 billion.
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In related news, insider Frederiksen,Lars acquired 15,000 shares of the stock in a transaction that occurred on Monday, July 25th. The shares were acquired at an average price of GBX 699 ($9.12) per share, for a total transaction of £104,850 ($136,862.03). Also, insider Hampton,Nick sold 45,600 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were 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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