Tate & Lyle PLC (LON:TATE) has received a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the company. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 763 ($9.54).

A number of analysts have recently commented on TATE shares. Goldman Sachs Group, Inc. (The) set a GBX 715 ($8.94) target price on shares of Tate & Lyle PLC and gave the stock a “neutral” rating in a research note on Friday, October 21st. Liberum Capital reissued a “buy” rating and set a GBX 795 ($9.94) target price on shares of Tate & Lyle PLC in a research note on Tuesday, October 25th. Jefferies Group LLC boosted their target price on shares of Tate & Lyle PLC from GBX 825 ($10.31) to GBX 880 ($11.00) and gave the stock a “buy” rating in a research note on Monday, October 31st. Credit Suisse Group reissued a “neutral” rating and set a GBX 780 ($9.75) target price on shares of Tate & Lyle PLC in a research note on Tuesday, November 1st. Finally, Davy Research reissued a “neutral” rating on shares of Tate & Lyle PLC in a research note on Thursday, November 3rd.

Tate & Lyle PLC (LON:TATE) opened at 730.00 on Friday. The company has a 50 day moving average of GBX 692.43 and a 200-day moving average of GBX 717.86. Tate & Lyle PLC has a one year low of GBX 541.64 and a one year high of GBX 850.00. The company’s market cap is GBX 3.39 billion.

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In other Tate & Lyle PLC news, insider Gerry M. Murphy acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 10th. The stock was bought at an average price of GBX 717 ($8.96) per share, with a total value of £71,700 ($89,602.60).

Tate & Lyle PLC Company Profile

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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