Tate & Lyle PLC (TATE) PT Raised to GBX 770 at BNP Paribas
Tate & Lyle PLC (LON:TATE) had its price objective lifted by 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 target would indicate a potential downside of 3.14% from the stock’s previous close.
Several other equities research analysts also recently issued reports on TATE. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 670 ($8.29) price target on shares of Tate & Lyle PLC in a report on Friday, July 22nd. Liberum Capital reaffirmed a “buy” rating and set a GBX 790 ($9.78) price target on shares of Tate & Lyle PLC in a report on Tuesday, July 5th. JPMorgan Chase & Co. set a GBX 770 ($9.53) price target on Tate & Lyle PLC and gave the company a “neutral” rating in a report on Thursday. Davy Research reaffirmed a “neutral” rating on shares of Tate & Lyle PLC in a report on Wednesday, June 22nd. Finally, Berenberg Bank set a GBX 715 ($8.85) price target on Tate & Lyle PLC and gave the company a “neutral” rating in a report on Friday, July 22nd. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 770.25 ($9.53).
Shares of Tate & Lyle PLC (LON:TATE) opened at 799.00 on Friday. The company’s market cap is GBX 3.71 billion. The firm’s 50-day moving average is GBX 742.06 and its 200-day moving average is GBX 669.94. Tate & Lyle PLC has a one year low of GBX 529.00 and a one year high of GBX 800.78.
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In other Tate & Lyle PLC news, insider Hampton,Nick sold 45,600 shares of Tate & Lyle PLC stock in a transaction dated 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 firm’s stock in a transaction on Monday, July 25th. The stock was acquired at an average price of GBX 699 ($8.65) per share, for a total transaction 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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