JPMorgan Chase & Co. Analysts Give Tate & Lyle PLC (TATE) a GBX 770 Price Target
Tate & Lyle PLC (LON:TATE) has been given a GBX 770 ($9.53) price target by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday. The firm presently has a a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential downside of 3.14% from the stock’s current price.
Other analysts have also issued research reports about the company. Societe Generale reissued a “buy” rating on shares of Tate & Lyle PLC in a report on Tuesday, June 28th. Goldman Sachs Group Inc. set a GBX 715 ($8.85) price target on Tate & Lyle PLC and gave the company a “neutral” rating in a report on Tuesday. Liberum Capital reissued a “buy” rating and set a GBX 795 ($9.84) price target on shares of Tate & Lyle PLC in a report on Monday. BNP Paribas reissued a “neutral” rating and set a GBX 700 ($8.66) price target on shares of Tate & Lyle PLC in a report on Friday, July 22nd. Finally, Jefferies Group boosted their price target on Tate & Lyle PLC from GBX 640 ($7.92) to GBX 720 ($8.91) and gave the company a “buy” rating in a report on Wednesday, June 15th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Tate & Lyle PLC presently has an average rating of “Hold” and an average target price of GBX 764.42 ($9.46).
Shares of Tate & Lyle PLC (LON:TATE) opened at 795.25 on Thursday. 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 800.78. The firm has a 50 day moving average price of GBX 740.49 and a 200 day moving average price of GBX 669.06.
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In other news, insider Frederiksen,Lars bought 15,000 shares of the stock in a transaction that occurred 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). Also, insider Hampton,Nick sold 45,600 shares of the business’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 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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