Tate & Lyle PLC (TATE) Given a GBX 715 Price Target by Goldman Sachs Group Inc. Analysts
Tate & Lyle PLC (LON:TATE) received a GBX 715 ($8.85) target price from research analysts at Goldman Sachs Group Inc. in a research report issued to clients and investors on Tuesday. The brokerage currently has a a “neutral” rating on the stock. Goldman Sachs Group Inc.’s target price indicates a potential downside of 7.92% from the stock’s previous close.
Other equities analysts have also recently issued reports about the stock. Societe Generale raised shares of Tate & Lyle PLC to a ” buy” rating and boosted their price objective for the company from GBX 780 ($9.65) to GBX 830 ($10.27) in a research note on Friday, September 9th. BNP Paribas reissued a “neutral” rating and issued a GBX 700 ($8.66) price objective on shares of Tate & Lyle PLC in a research note on Thursday, September 8th. Jefferies Group reissued a “buy” rating and issued a GBX 825 ($10.21) price objective on shares of Tate & Lyle PLC in a research note on Thursday, September 22nd. Liberum Capital reissued a “buy” rating and issued a GBX 790 ($9.78) price objective on shares of Tate & Lyle PLC in a research note on Wednesday, August 31st. Finally, Deutsche Bank AG boosted their price objective on shares of Tate & Lyle PLC from GBX 840 ($10.40) to GBX 850 ($10.52) and gave the company a “buy” rating in a research note on Thursday, October 6th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 754.42 ($9.34).
Tate & Lyle PLC (LON:TATE) opened at 797.00 on Tuesday. The company’s 50 day moving average is GBX 737.24 and its 200 day moving average is GBX 666.99. Tate & Lyle PLC has a 1-year low of GBX 529.00 and a 1-year high of GBX 798.50. The company’s market cap is GBX 3.70 billion.
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In other Tate & Lyle PLC news, insider Hampton,Nick sold 45,600 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of GBX 739 ($9.15), for a total value of £336,984 ($417,059.41). Also, insider Frederiksen,Lars bought 15,000 shares of Tate & Lyle PLC stock in a transaction on Monday, July 25th. The stock was purchased at an average price of GBX 699 ($8.65) per share, for a total transaction of £104,850 ($129,764.85).
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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