The BNP Paribas Increases Tate & Lyle PLC (TATE) Price Target to GBX 770

The BNP Paribas Increases Tate & Lyle PLC (TATE) Price Target to GBX 770

Tate & Lyle PLC (LON:TATE) had its price target boosted by analysts at BNP Paribas from GBX 700 ($8.53) to GBX 770 ($9.38) in a note issued to investors on Friday. The firm currently has a “neutral” rating on the stock. BNP Paribas’ price objective indicates a potential downside of 2.10% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Societe Generale restated a “buy” rating on shares of Tate & Lyle PLC in a research note on Tuesday, June 28th. Liberum Capital reaffirmed a “buy” rating and set a GBX 790 ($9.63) price objective on shares of Tate & Lyle PLC in a report on Monday, July 11th. Deutsche Bank AG lifted their price objective on shares of Tate & Lyle PLC from GBX 800 ($9.75) to GBX 840 ($10.24) and gave the stock a “buy” rating in a report on Friday, July 22nd. Berenberg Bank set a GBX 715 ($8.71) price objective on shares of Tate & Lyle PLC and gave the stock a “neutral” rating in a report on Friday, July 22nd. Finally, Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 670 ($8.17) price objective on shares of Tate & Lyle PLC in a report on Friday, July 22nd. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 770.25 ($9.39).

Tate & Lyle PLC (LON:TATE) opened at 791.25 on Friday. Tate & Lyle PLC has a 52-week low of GBX 529.00 and a 52-week high of GBX 802.00. The company’s market capitalization is GBX 3.67 billion. The company’s 50-day moving average is GBX 745.70 and its 200-day moving average is GBX 673.79.

In other Tate & Lyle PLC news, insider Hampton,Nick sold 45,600 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of GBX 739 ($9.01), for a total transaction of £336,984 ($410,705.67). Also, insider Frederiksen,Lars acquired 15,000 shares of the company’s stock in a transaction on Monday, July 25th. The shares were acquired at an average cost of GBX 699 ($8.52) per share, for a total transaction of £104,850 ($127,787.93).

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