Tate & Lyle (LON:TATE) had its price objective hoisted by Goldman Sachs Group from GBX 700 ($9.15) to GBX 720 ($9.41) in a report issued on Friday morning. Goldman Sachs Group currently has a neutral rating on the stock.
A number of other research firms have also recently commented on TATE. Berenberg Bank raised their price target on Tate & Lyle from GBX 730 ($9.54) to GBX 740 ($9.67) and gave the company a hold rating in a report on Tuesday, December 4th. Deutsche Bank lifted their target price on Tate & Lyle from GBX 650 ($8.49) to GBX 675 ($8.82) and gave the stock a hold rating in a report on Friday, November 9th. Kepler Capital Markets reaffirmed a reduce rating on shares of Tate & Lyle in a report on Thursday, November 8th. Credit Suisse Group reduced their target price on Tate & Lyle from GBX 750 ($9.80) to GBX 700 ($9.15) and set a neutral rating on the stock in a report on Monday, November 12th. Finally, Liberum Capital reaffirmed a buy rating on shares of Tate & Lyle in a report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of GBX 702.42 ($9.18).
LON:TATE opened at GBX 693 ($9.06) on Friday. Tate & Lyle has a 52 week low of GBX 539.40 ($7.05) and a 52 week high of GBX 796.50 ($10.41).
In other news, insider Warren Tucker bought 4,321 shares of Tate & Lyle stock in a transaction dated Wednesday, December 5th. The shares were purchased at an average cost of GBX 702 ($9.17) per share, with a total value of £30,333.42 ($39,635.99).
Tate & Lyle Company Profile
Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through three segments: Food & Beverage Solutions, Sucralose, and Primary Products.
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