Trading Report: The Tate & Lyle PLC (TATE) Stock Rating Reaffirmed by Liberum Capital

The Tate & Lyle PLC (TATE) Stock Rating Reaffirmed by Liberum Capital

Liberum Capital restated their buy rating on shares of Tate & Lyle PLC (LON:TATE) in a research note published on Monday morning. Liberum Capital currently has a GBX 795 ($9.84) target price on the stock.

Other analysts also recently issued reports about the company. Societe Generale raised Tate & Lyle PLC to a  buy rating and raised their target price for the stock from GBX 780 ($9.65) to GBX 830 ($10.27) in a research note on Friday, September 9th. Jefferies Group raised their target price on Tate & Lyle PLC from GBX 640 ($7.92) to GBX 720 ($8.91) and gave the stock a buy rating in a research note on Wednesday, June 15th. Deutsche Bank AG raised their price objective on Tate & Lyle PLC from GBX 800 ($9.90) to GBX 840 ($10.40) and gave the stock a buy rating in a research report on Friday, July 22nd. Numis Securities Ltd reissued a hold rating and set a GBX 670 ($8.29) price objective on shares of Tate & Lyle PLC in a research report on Friday, July 22nd. Finally, BNP Paribas reissued a neutral rating and set a GBX 700 ($8.66) price objective on shares of Tate & Lyle PLC in a research report on Thursday, July 14th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of GBX 764.42 ($9.46).

In related news, insider Frederiksen,Lars acquired 15,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The stock was acquired at an average price of GBX 699 ($8.65) per share, for a total transaction of £104,850 ($129,764.85). Also, insider Hampton,Nick sold 45,600 shares of Tate & Lyle PLC stock in a transaction dated 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).

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