Goldman Sachs Group Inc. Analysts Give Tate & Lyle PLC (TATE) a GBX 715 Price Target
Tate & Lyle PLC (LON:TATE) received a GBX 715 ($8.85) target price from research analysts at Goldman Sachs Group Inc. in a report issued on Tuesday. The firm currently has a a “neutral” rating on the stock. Goldman Sachs Group Inc.’s price objective would suggest a potential downside of 7.92% from the company’s current price.
TATE has been the subject of a number of other research reports. Societe Generale raised Tate & Lyle PLC to a ” buy” rating and boosted their target price for the stock from GBX 780 ($9.65) to GBX 830 ($10.27) in a research report on Friday, September 9th. BNP Paribas reissued a “neutral” rating and issued a GBX 700 ($8.66) target price on shares of Tate & Lyle PLC in a research report on Thursday, September 8th. Jefferies Group reissued a “buy” rating and issued a GBX 825 ($10.21) target price on shares of Tate & Lyle PLC in a research report on Thursday, September 22nd. Liberum Capital reissued a “buy” rating and issued a GBX 790 ($9.78) target price on shares of Tate & Lyle PLC in a research report on Wednesday, August 31st. Finally, Deutsche Bank AG boosted their target price on Tate & Lyle PLC from GBX 840 ($10.40) to GBX 850 ($10.52) and gave the stock a “buy” rating in a research report on Thursday, October 6th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 754.42 ($9.34).
Shares of Tate & Lyle PLC (LON:TATE) opened at 796.44 on Tuesday. Tate & Lyle PLC has a 52 week low of GBX 529.00 and a 52 week high of GBX 798.50. The company has a 50-day moving average of GBX 737.24 and a 200-day moving average of GBX 666.99. The stock’s market capitalization is GBX 3.70 billion.
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In other news, insider Frederiksen,Lars acquired 15,000 shares of Tate & Lyle PLC stock in a transaction dated Monday, July 25th. The stock was purchased at an average cost of GBX 699 ($8.65) per share, for a total transaction of £104,850 ($129,764.85). Also, insider Hampton,Nick sold 45,600 shares of the firm’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of GBX 739 ($9.15), for a total value of £336,984 ($417,059.41).
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.
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