Tate & Lyle PLC (TATE) Given Hold Rating at Numis Securities Ltd
Tate & Lyle PLC (LON:TATE)‘s stock had its “hold” rating reissued by equities research analysts at Numis Securities Ltd in a research note issued on Thursday. They presently have a GBX 758 ($9.89) price objective on the stock. Numis Securities Ltd’s price target would indicate a potential downside of 0.52% from the company’s previous close.
A number of other analysts have also commented on the stock. Societe Generale reiterated a “buy” rating on shares of Tate & Lyle PLC in a research note on Tuesday, June 28th. Goldman Sachs Group Inc. set a GBX 670 ($8.75) target price on shares of Tate & Lyle PLC and gave the company a “neutral” rating in a research report on Tuesday, June 28th. Liberum Capital restated a “buy” rating and set a GBX 790 ($10.31) target price on shares of Tate & Lyle PLC in a research report on Thursday, August 11th. BNP Paribas restated a “neutral” rating and set a GBX 700 ($9.14) target price on shares of Tate & Lyle PLC in a research report on Friday, July 22nd. Finally, Jefferies Group boosted their target price on shares of Tate & Lyle PLC from GBX 640 ($8.35) to GBX 720 ($9.40) and gave the company a “buy” rating in a research report on Wednesday, June 15th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 734.42 ($9.59).
Shares of Tate & Lyle PLC (LON:TATE) opened at 768.00 on Thursday. The stock’s 50 day moving average is GBX 733.94 and its 200 day moving average is GBX 661.84. Tate & Lyle PLC has a 52-week low of GBX 529.00 and a 52-week high of GBX 781.00. The stock’s market cap is GBX 3.56 billion.
In other news, insider Frederiksen,Lars purchased 15,000 shares of the company’s stock in a transaction on Monday, July 25th. The stock was acquired at an average cost of GBX 699 ($9.12) per share, for a total transaction of £104,850 ($136,862.03). Also, insider Hampton,Nick sold 45,600 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of GBX 739 ($9.65), for a total transaction of £336,984 ($439,869.47).
Tate & Lyle PLC Company Profile
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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