Trade Report: Today, Tate & Lyle PLC (TATE) PT Decreased to GBX 870 at Jefferies Group

Today, Tate & Lyle PLC (TATE) PT Decreased to GBX 870 at Jefferies Group

Tate & Lyle PLC (LON:TATE) had its target price lowered by Jefferies Group from GBX 880 ($10.99) to GBX 870 ($10.87) in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 27.75% from the company’s current price.

A number of other analysts have also recently issued reports on the company. BNP Paribas reissued a “neutral” rating and set a GBX 760 ($9.50) price objective on shares of Tate & Lyle PLC in a research report on Monday, November 7th. Deutsche Bank AG lifted their price objective on Tate & Lyle PLC from GBX 850 ($10.62) to GBX 875 ($10.93) and gave the company a “buy” rating in a research report on Monday, November 7th. Societe Generale set a GBX 875 ($10.93) price target on Tate & Lyle PLC and gave the stock a “neutral” rating in a research report on Friday, November 4th. Berenberg Bank set a GBX 810 ($10.12) price target on Tate & Lyle PLC and gave the stock a “neutral” rating in a research report on Friday, November 4th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a GBX 900 ($11.24) price target on shares of Tate & Lyle PLC in a research report on Friday, November 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 786 ($9.82).

Shares of Tate & Lyle PLC (LON:TATE) traded up 0.96% during midday trading on Tuesday, reaching GBX 681.00. The company’s stock had a trading volume of 1,345,063 shares. Tate & Lyle PLC has a 12 month low of GBX 529.00 and a 12 month high of GBX 850.00. The stock’s market capitalization is GBX 3.16 billion. The stock’s 50-day moving average is GBX 745.04 and its 200 day moving average is GBX 701.38.

The company also recently declared a dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, November 24th will be paid a dividend of GBX 8.20 ($0.10) per share. The ex-dividend date is Thursday, November 24th. This represents a yield of 1.02%.

In other news, insider Javed Ahmed purchased 30,000 shares of the stock in a transaction that occurred on Wednesday, November 9th. The shares were purchased at an average cost of GBX 660 ($8.25) per share, for a total transaction of £198,000 ($247,376.31).

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