Tate & Lyle PLC (TATE) PT Set at GBX 770 by JPMorgan Chase & Co.
Tate & Lyle PLC (LON:TATE) has been assigned a GBX 770 ($9.53) price objective by stock analysts at JPMorgan Chase & Co. in a report issued on Thursday. The brokerage currently has a a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential downside of 3.14% from the stock’s previous close.
TATE has been the subject of a number of other research reports. Societe Generale boosted their target price on shares of Tate & Lyle PLC from GBX 700 ($8.66) to GBX 780 ($9.65) and gave the stock a “buy” rating in a research report on Tuesday, July 5th. Citigroup Inc. boosted their target price on shares of Tate & Lyle PLC from GBX 680 ($8.42) to GBX 750 ($9.28) and gave the stock a “neutral” rating in a research report on Tuesday, July 5th. Numis Securities Ltd reissued a “hold” rating and set a GBX 758 ($9.38) target price on shares of Tate & Lyle PLC in a research report on Thursday, October 6th. Liberum Capital reissued a “buy” rating and set a GBX 790 ($9.78) target price on shares of Tate & Lyle PLC in a research report on Thursday, August 11th. Finally, Jefferies Group reissued 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. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 764.42 ($9.46).
Tate & Lyle PLC (LON:TATE) opened at 795.00 on Thursday. The firm’s market capitalization is GBX 3.69 billion. The firm has a 50-day moving average price of GBX 740.49 and a 200-day moving average price of GBX 669.06. Tate & Lyle PLC has a 52 week low of GBX 529.00 and a 52 week high of GBX 800.78.
In other news, insider Frederiksen,Lars acquired 15,000 shares of the firm’s stock in a transaction on Monday, July 25th. The shares were purchased at an average cost of GBX 699 ($8.65) per share, with a total value of £104,850 ($129,764.85). Also, insider Hampton,Nick sold 45,600 shares of the company’s stock in a transaction dated 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).
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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