BNP Paribas Increases Tate & Lyle PLC (TATE) Price Target to GBX 770
Tate & Lyle PLC (LON:TATE) had its price objective upped by equities research analysts at BNP Paribas from GBX 700 ($8.66) to GBX 770 ($9.53) in a report released on Friday. The brokerage presently has a “neutral” rating on the stock. BNP Paribas’ price objective suggests a potential downside of 3.14% from the stock’s previous close.
TATE has been the topic of a number of other reports. Societe Generale raised Tate & Lyle PLC to a ” buy” rating and lifted their target price for the stock from GBX 780 ($9.65) to GBX 830 ($10.27) in a research report on Friday, September 9th. Jefferies Group reaffirmed a “buy” rating and set a GBX 825 ($10.21) target price on shares of Tate & Lyle PLC in a research report on Thursday, September 22nd. Liberum Capital reaffirmed a “buy” rating and set a GBX 790 ($9.78) target price on shares of Tate & Lyle PLC in a research report on Wednesday, August 31st. Deutsche Bank AG lifted 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. Finally, Goldman Sachs Group Inc. set a GBX 715 ($8.85) target price on Tate & Lyle PLC and gave the stock a “neutral” rating in a research report on Tuesday. Nine equities research 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 a consensus target price of GBX 770.25 ($9.53).
Shares of Tate & Lyle PLC (LON:TATE) opened at 798.00 on Friday. The firm’s market capitalization is GBX 3.70 billion. The firm’s 50-day moving average price is GBX 742.06 and its 200-day moving average price is GBX 669.94. Tate & Lyle PLC has a 52-week low of GBX 529.00 and a 52-week high of GBX 800.78.
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In other news, insider Hampton,Nick sold 45,600 shares of the business’s stock in a transaction that occurred 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). Also, insider Frederiksen,Lars acquired 15,000 shares of Tate & Lyle PLC stock in a transaction dated Monday, July 25th. The shares were acquired at an average price of GBX 699 ($8.65) per share, with a total value of £104,850 ($129,764.85).
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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