Tate & Lyle PLC (TATE) Price Target Raised to GBX 850
Tate & Lyle PLC (LON:TATE) had its price target increased by Deutsche Bank AG from GBX 840 ($10.96) to GBX 850 ($11.10) in a report issued on Thursday. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s price target points to a potential upside of 11.55% from the stock’s previous close.
A number of other brokerages also recently issued reports on TATE. Liberum Capital upped their price target on Tate & Lyle PLC from GBX 790 ($10.31) to GBX 795 ($10.38) and gave the company a “buy” rating in a report on Friday, September 30th. Societe Generale raised Tate & Lyle PLC to a ” buy” rating and upped their price target for the company from GBX 780 ($10.18) to GBX 830 ($10.83) in a report on Friday, September 9th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 700 ($9.14) price target on shares of Tate & Lyle PLC in a report on Thursday, September 8th. Jefferies Group upped their price target on Tate & Lyle PLC from GBX 720 ($9.40) to GBX 825 ($10.77) and gave the company a “buy” rating in a report on Friday, August 26th. Finally, Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 670 ($8.75) price target on shares of Tate & Lyle PLC in a report on Friday, July 22nd. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 727.08 ($9.49).
Tate & Lyle PLC (LON:TATE) opened at 767.50 on Thursday. Tate & Lyle PLC has a 12 month low of GBX 529.00 and a 12 month high of GBX 781.00. The stock’s market capitalization is GBX 3.56 billion. The company has a 50 day moving average of GBX 733.94 and a 200 day moving average of GBX 661.84.
In other Tate & Lyle PLC news, insider Hampton,Nick sold 45,600 shares of the stock in a transaction on Friday, August 19th. The stock was sold at an average price of GBX 739 ($9.65), for a total value of £336,984 ($439,869.47). Also, insider Frederiksen,Lars acquired 15,000 shares of the business’s stock in a transaction on Monday, July 25th. The stock was acquired at an average price of GBX 699 ($9.12) per share, with a total value of £104,850 ($136,862.03).
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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