Liberum Capital reiterated their buy rating on shares of Tate & Lyle (LON:TATE) in a research note published on Tuesday morning. Liberum Capital currently has a GBX 850 ($12.17) target price on the stock.
A number of other equities analysts have also commented on TATE. Shore Capital reissued a hold rating on shares of Tate & Lyle in a research report on Tuesday, January 16th. Investec reissued a buy rating and issued a GBX 735 ($10.52) price target on shares of Tate & Lyle in a research report on Monday, January 29th. BNP Paribas dropped their price target on shares of Tate & Lyle from GBX 700 ($10.02) to GBX 670 ($9.59) and set a neutral rating on the stock in a research report on Wednesday, January 31st. Goldman Sachs dropped their price target on shares of Tate & Lyle from GBX 700 ($10.02) to GBX 695 ($9.95) and set a neutral rating on the stock in a research report on Wednesday, February 7th. Finally, Kepler Capital Markets dropped their price target on shares of Tate & Lyle from GBX 690 ($9.88) to GBX 660 ($9.45) and set a hold rating on the stock in a research report on Thursday, February 8th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Tate & Lyle has a consensus rating of Hold and a consensus target price of GBX 716.62 ($10.26).
LON:TATE opened at GBX 561 ($8.03) on Tuesday. Tate & Lyle has a 12 month low of GBX 539.40 ($7.72) and a 12 month high of GBX 796.50 ($11.40).
In related news, insider Gerry M. Murphy bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average price of GBX 571 ($8.18) per share, with a total value of £57,100 ($81,758.30).
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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 two segments, Speciality Food Ingredients and Bulk Ingredients.
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