Tate & Lyle PLC (TATE) PT Set at GBX 715 by Goldman Sachs Group Inc.
Other research analysts have also issued research reports about the stock. Societe Generale reiterated a buy rating on shares of Tate & Lyle PLC in a research note on Tuesday, June 28th. Liberum Capital reiterated a buy rating and issued a GBX 790 ($9.78) price objective on shares of Tate & Lyle PLC in a research note on Monday, July 11th. BNP Paribas reiterated a neutral rating and issued a GBX 700 ($8.66) price objective on shares of Tate & Lyle PLC in a research note on Friday, July 22nd. Jefferies Group upped their price objective on shares of Tate & Lyle PLC from GBX 640 ($7.92) to GBX 720 ($8.91) and gave the company a buy rating in a research note on Wednesday, June 15th. Finally, Deutsche Bank AG upped their price objective on shares of Tate & Lyle PLC from GBX 800 ($9.90) to GBX 840 ($10.40) and gave the company a buy rating in a research note on Friday, July 22nd. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Tate & Lyle PLC currently has an average rating of Hold and an average price target of GBX 770.25 ($9.53).
Tate & Lyle PLC (LON:TATE) opened at 790.00 on Tuesday. Tate & Lyle PLC has a one year low of GBX 529.00 and a one year high of GBX 802.00. The firm has a 50-day moving average of GBX 743.82 and a 200-day moving average of GBX 671.30. The firm’s market cap is GBX 3.67 billion.
In other Tate & Lyle PLC news, insider Hampton,Nick sold 45,600 shares of the stock in a transaction on Friday, August 19th. The shares were sold at an average price of GBX 739 ($9.15), for a total value of £336,984 ($417,059.41). Also, insider Frederiksen,Lars purchased 15,000 shares of Tate & Lyle PLC stock in a transaction on Monday, July 25th. The stock was bought at an average cost of GBX 699 ($8.65) per share, with a total value 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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