Tate & Lyle PLC (TATE) PT Raised to GBX 730
Tate & Lyle PLC (LON:TATE) had its price target boosted by stock analysts at J P Morgan Chase & Co from GBX 710 ($8.87) to GBX 730 ($9.12) in a research report issued on Friday. The firm currently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price objective points to a potential upside of 0.14% from the stock’s previous close.
Other analysts also recently issued reports about the company. Citigroup Inc. reaffirmed a “neutral” rating on shares of Tate & Lyle PLC in a research report on Thursday, November 10th. Liberum Capital reissued a “buy” rating and issued a GBX 770 ($9.62) target price on shares of Tate & Lyle PLC in a research report on Monday, January 23rd. Goldman Sachs Group, Inc. (The) decreased their target price on Tate & Lyle PLC from GBX 750 ($9.37) to GBX 720 ($9.00) and set a “neutral” rating for the company in a research report on Friday, December 2nd. Berenberg Bank reissued a “hold” rating and issued a GBX 810 ($10.12) target price on shares of Tate & Lyle PLC in a research report on Thursday, February 9th. Finally, Shore Capital reissued a “hold” rating on shares of Tate & Lyle PLC in a research report on Thursday, February 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 772.33 ($9.65).
Tate & Lyle PLC (LON:TATE) traded up 0.83% during trading on Friday, hitting GBX 729.00. The stock had a trading volume of 2,126,138 shares. The company has a 50-day moving average of GBX 692.43 and a 200-day moving average of GBX 717.86. The stock’s market capitalization is GBX 3.39 billion. Tate & Lyle PLC has a 52 week low of GBX 541.64 and a 52 week high of GBX 850.00.
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In related news, insider Gerry M. Murphy purchased 10,000 shares of the business’s stock in a transaction dated Friday, February 10th. The stock was purchased at an average cost 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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