Tate & Lyle PLC (TATE) Given a GBX 780 Price Target by Credit Suisse Group AG Analysts
Tate & Lyle PLC (LON:TATE) has been given a GBX 780 ($9.65) price objective by stock analysts at Credit Suisse Group AG in a report released on Tuesday. The firm currently has a a “neutral” rating on the stock. Credit Suisse Group AG’s price objective suggests a potential upside of 0.45% from the company’s current price.
Several other research firms have also recently issued reports on TATE. Societe Generale upgraded shares of Tate & Lyle PLC to a ” buy” rating and lifted their price objective for the company from GBX 780 ($9.65) to GBX 830 ($10.27) in a research report on Friday, September 9th. BNP Paribas reiterated a “neutral” rating and set a GBX 640 ($7.92) price objective on shares of Tate & Lyle PLC in a research report on Monday, June 27th. Goldman Sachs Group Inc. set a GBX 670 ($8.29) price objective on shares of Tate & Lyle PLC and gave the company a “neutral” rating in a research report on Tuesday, June 28th. Jefferies Group lifted their price objective on shares of Tate & Lyle PLC from GBX 720 ($8.91) to GBX 825 ($10.21) and gave the company a “buy” rating in a research report on Friday, August 26th. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 790 ($9.78) price objective on shares of Tate & Lyle PLC in a research report on Thursday, July 21st. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Tate & Lyle PLC presently has a consensus rating of “Hold” and a consensus price target of GBX 750.67 ($9.29).
Shares of Tate & Lyle PLC (LON:TATE) opened at 794.0755 on Tuesday. The company’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. The company’s 50-day moving average is GBX 737.24 and its 200-day moving average is GBX 666.99.
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In related news, insider Frederiksen,Lars bought 15,000 shares of the stock in a transaction dated Monday, July 25th. The stock was purchased at an average cost of GBX 699 ($8.65) per share, with a total value of £104,850 ($129,764.85). Also, insider Hampton,Nick sold 45,600 shares of the business’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of GBX 739 ($9.15), for a total transaction 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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