Insider Buying: Tate & Lyle PLC (TATE) Insider Buys 10,000 Shares of Stock

Tate & Lyle PLC (LON:TATE) insider Gerry M. Murphy bought 10,000 shares of the stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average price of GBX 571 ($7.89) per share, with a total value of £57,100 ($78,889.20).

Shares of Tate & Lyle PLC (TATE) traded up GBX 0.80 ($0.01) during mid-day trading on Tuesday, hitting GBX 572.20 ($7.91). 2,698,281 shares of the stock traded hands, compared to its average volume of 2,290,000. Tate & Lyle PLC has a twelve month low of GBX 563.60 ($7.79) and a twelve month high of GBX 796.50 ($11.00). The company has a market capitalization of $2,650.00 and a PE ratio of 1,079.62.

Several analysts have recently weighed in on TATE shares. Liberum Capital restated a “buy” rating and set a GBX 850 ($11.74) target price on shares of Tate & Lyle in a research note on Tuesday, December 19th. Goldman Sachs Group lowered their target price on Tate & Lyle from GBX 700 ($9.67) to GBX 695 ($9.60) and set a “neutral” rating for the company in a research note on Wednesday, February 7th. Credit Agricole lowered their target price on Tate & Lyle from GBX 710 ($9.81) to GBX 670 ($9.26) and set a “neutral” rating for the company in a research note on Thursday, February 8th. Shore Capital restated a “hold” rating on shares of Tate & Lyle in a research note on Thursday, February 8th. Finally, Kepler Capital Markets lowered their target price on Tate & Lyle from GBX 690 ($9.53) to GBX 660 ($9.12) and set a “hold” rating for the company in a research note on Thursday, February 8th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 731 ($10.10).

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About Tate & Lyle

Tate & Lyle PLC is a provider of ingredients and solutions to the food, beverage and other industries. The Company’s segments include Speciality Food Ingredients and Bulk Ingredients. The Speciality Food Ingredients segment’s product categories include dairy, beverage, bakery and convenience. The Bulk Ingredients segment’s product lines include bulk sweeteners for food and beverage customers, and industrial starches for paper and construction industries.

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