Tate & Lyle PLC (LON:TATE) had its price objective lifted by investment analysts at Liberum Capital from GBX 770 ($9.51) to GBX 810 ($10.00) in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Liberum Capital’s target price would indicate a potential upside of 3.98% from the stock’s current price.
Several other research analysts also recently commented on the stock. BNP Paribas reiterated a “neutral” rating and issued a GBX 760 ($9.39) target price on shares of Tate & Lyle PLC in a report on Monday, November 7th. Credit Suisse Group AG reiterated a “neutral” rating and issued a GBX 750 ($9.26) target price on shares of Tate & Lyle PLC in a report on Wednesday, February 8th. Goldman Sachs Group Inc set a GBX 745 ($9.20) target price on shares of Tate & Lyle PLC and gave the stock a “neutral” rating in a report on Friday, February 3rd. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 870 ($10.74) target price on shares of Tate & Lyle PLC in a report on Tuesday, February 7th. Finally, Deutsche Bank AG lifted their target price on shares of Tate & Lyle PLC from GBX 850 ($10.50) to GBX 875 ($10.81) and gave the stock a “buy” rating in a report on Monday, November 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 774 ($9.56).
Shares of Tate & Lyle PLC (LON:TATE) traded up 0.52% during mid-day trading on Tuesday, hitting GBX 778.93. The stock had a trading volume of 945,987 shares. The stock has a 50-day moving average price of GBX 741.05 and a 200 day moving average price of GBX 722.26. Tate & Lyle PLC has a 52 week low of GBX 557.00 and a 52 week high of GBX 850.00. The stock’s market cap is GBX 3.62 billion.
In other Tate & Lyle PLC news, insider Gerry M. Murphy bought 10,000 shares of the stock in a transaction that occurred on Friday, February 10th. The shares were acquired at an average price of GBX 717 ($8.86) per share, with a total value of £71,700 ($88,551.32).
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.