Tate & Lyle PLC (LON:TATE) insider Warren Tucker purchased 4,321 shares of the firm’s stock in a transaction dated Wednesday, December 5th. The shares were purchased at an average cost of GBX 702 ($9.17) per share, for a total transaction of £30,333.42 ($39,635.99).
Shares of Tate & Lyle stock opened at GBX 692.40 ($9.05) on Thursday. Tate & Lyle PLC has a twelve month low of GBX 539.40 ($7.05) and a twelve month high of GBX 796.50 ($10.41).
The firm also recently declared a dividend, which will be paid on Friday, January 4th. Investors of record on Thursday, November 22nd will be given a dividend of GBX 8.60 ($0.11) per share. The ex-dividend date is Thursday, November 22nd. This represents a yield of 1.25%.
TATE has been the topic of several research analyst reports. Liberum Capital reissued a “buy” rating and set a GBX 900 ($11.76) price target on shares of Tate & Lyle in a research note on Tuesday, August 28th. Jefferies Financial Group upped their price target on shares of Tate & Lyle from GBX 700 ($9.15) to GBX 725 ($9.47) and gave the stock a “hold” rating in a research report on Monday, October 29th. Deutsche Bank upped their price target on shares of Tate & Lyle from GBX 650 ($8.49) to GBX 675 ($8.82) and gave the stock a “hold” rating in a research report on Friday, November 9th. Credit Suisse Group decreased their price target on shares of Tate & Lyle from GBX 750 ($9.80) to GBX 700 ($9.15) and set a “neutral” rating for the company in a research report on Monday, November 12th. Finally, Kepler Capital Markets reaffirmed a “reduce” rating on shares of Tate & Lyle in a research report on Thursday, November 8th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 700.29 ($9.15).
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About Tate & Lyle
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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