Tate & Lyle PLC (TATE) Given a GBX 780 Price Target at Credit Suisse Group AG
Tate & Lyle PLC (LON:TATE) received a GBX 780 ($9.65) target price from equities researchers at Credit Suisse Group AG in a note issued to investors on Tuesday. The firm currently has a a “neutral” rating on the stock. Credit Suisse Group AG’s price objective indicates a potential upside of 0.45% from the company’s current price.
Other equities research analysts have also issued research reports about the company. Societe Generale restated a “buy” rating on shares of Tate & Lyle PLC in a research report on Tuesday, June 28th. Liberum Capital restated a “buy” rating and issued a GBX 795 ($9.84) price objective on shares of Tate & Lyle PLC in a research report on Monday. BNP Paribas restated a “neutral” rating and issued a GBX 700 ($8.66) price objective on shares of Tate & Lyle PLC in a research report on Friday, July 22nd. Jefferies Group upped their price objective on Tate & Lyle PLC from GBX 640 ($7.92) to GBX 720 ($8.91) and gave the stock a “buy” rating in a research report on Wednesday, June 15th. Finally, Deutsche Bank AG upped their price objective on Tate & Lyle PLC from GBX 800 ($9.90) to GBX 840 ($10.40) and gave the stock a “buy” rating in a research report on Friday, July 22nd. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 750.67 ($9.29).
Tate & Lyle PLC (LON:TATE) opened at 794.0755 on Tuesday. 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 cap is GBX 3.69 billion. Tate & Lyle PLC has a 12-month low of GBX 529.00 and a 12-month high of GBX 795.00.
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In other Tate & Lyle PLC news, insider Hampton,Nick sold 45,600 shares of the firm’s stock in a transaction on 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). Also, insider Frederiksen,Lars bought 15,000 shares of the business’s stock in a transaction on Monday, July 25th. The stock was bought at an average cost of GBX 699 ($8.65) per share, with a total value 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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