Today, Tate & Lyle PLC (TATE) Earns Hold Rating from Numis Securities Ltd

Today, Tate & Lyle PLC (TATE) Earns Hold Rating from Numis Securities Ltd

Tate & Lyle PLC (LON:TATE)‘s stock had its “hold” rating reaffirmed by Numis Securities Ltd in a research report issued on Thursday. They currently have a GBX 758 ($9.89) target price on the stock. Numis Securities Ltd’s price objective would indicate a potential downside of 1.75% from the company’s current price.

Several other research firms also recently weighed in on TATE. Deutsche Bank AG upped their price objective on shares of Tate & Lyle PLC from GBX 840 ($10.96) to GBX 850 ($11.10) and gave the stock a “buy” rating in a report on Thursday. Liberum Capital upped their price objective on shares of Tate & Lyle PLC from GBX 790 ($10.31) to GBX 795 ($10.38) and gave the stock a “buy” rating in a report on Friday, September 30th. Societe Generale raised shares of Tate & Lyle PLC to a ” buy” rating and upped their price objective for the stock from GBX 780 ($10.18) to GBX 830 ($10.83) in a report on Friday, September 9th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 700 ($9.14) price objective on shares of Tate & Lyle PLC in a report on Thursday, September 8th. Finally, Jefferies Group upped their price objective on shares of Tate & Lyle PLC from GBX 720 ($9.40) to GBX 825 ($10.77) and gave the stock a “buy” rating in a report on Friday, August 26th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 734.42 ($9.59).

Shares of Tate & Lyle PLC (LON:TATE) traded up 1.25% during midday trading on Thursday, hitting GBX 771.50. 2,120,243 shares of the stock were exchanged. The stock’s market cap is GBX 3.58 billion. The stock’s 50-day moving average price is GBX 735.03 and its 200 day moving average price is GBX 662.61. Tate & Lyle PLC has a one year low of GBX 529.00 and a one year high of GBX 781.00.

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In other news, insider Hampton,Nick sold 45,600 shares of the company’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of GBX 739 ($9.65), for a total value of £336,984 ($439,869.47). Also, insider Frederiksen,Lars bought 15,000 shares of the company’s stock in a transaction dated Monday, July 25th. The stock was acquired at an average price of GBX 699 ($9.12) per share, for a total transaction of £104,850 ($136,862.03).

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