JPMorgan Chase & Co. set a GBX 770 ($9.53) price objective on Tate & Lyle PLC (LON:TATE) in a research report sent to investors on Thursday. The brokerage currently has a a neutral rating on the stock.
Other equities analysts have also recently issued research reports about the stock. Societe Generale raised shares of Tate & Lyle PLC to a buy rating and boosted their price target for the stock from GBX 780 ($9.65) to GBX 830 ($10.27) in a research note on Friday, September 9th. Liberum Capital reissued a buy rating and issued a GBX 790 ($9.78) price target on shares of Tate & Lyle PLC in a research note on Tuesday, July 5th. Deutsche Bank AG upped their price objective on shares of Tate & Lyle PLC from GBX 800 ($9.90) to GBX 840 ($10.40) and gave the company a buy rating in a research note on Friday, July 22nd. Finally, Jefferies Group upped their price objective on shares of Tate & Lyle PLC from GBX 640 ($7.92) to GBX 720 ($8.91) and gave the company a buy rating in a research note on Wednesday, June 15th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Tate & Lyle PLC currently has an average rating of Hold and a consensus target price of GBX 770.25 ($9.53).
Shares of Tate & Lyle PLC (LON:TATE) traded up 0.88% during trading on Thursday, reaching GBX 802.00. 1,371,041 shares of the company were exchanged. Tate & Lyle PLC has a one year low of GBX 529.00 and a one year high of GBX 802.00. The stock has a 50-day moving average price of GBX 742.06 and a 200-day moving average price of GBX 669.94. The stock’s market capitalization is GBX 3.72 billion.
In other Tate & Lyle PLC news, insider Hampton,Nick sold 45,600 shares of the company’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of GBX 739 ($9.15), for a total value of £336,984 ($417,059.41). Also, insider Frederiksen,Lars acquired 15,000 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was bought at an average price of GBX 699 ($8.65) per share, with a total value of £104,850 ($129,764.85).