Trade Report: Today, Tate & Lyle PLC (TATE) Price Target Raised to GBX 850

Today, Tate & Lyle PLC (TATE) Price Target Raised to GBX 850

Tate & Lyle PLC (LON:TATE) had its price target increased by Deutsche Bank AG from GBX 840 ($10.96) to GBX 850 ($11.10) in a report issued on Thursday. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s price target points to a potential upside of 11.55% from the stock’s previous close.

A number of other brokerages also recently issued reports on TATE. Liberum Capital upped their price target on Tate & Lyle PLC from GBX 790 ($10.31) to GBX 795 ($10.38) and gave the company a “buy” rating in a report on Friday, September 30th. Societe Generale raised Tate & Lyle PLC to a ” buy” rating and upped their price target for the company 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 target on shares of Tate & Lyle PLC in a report on Thursday, September 8th. Jefferies Group upped their price target on Tate & Lyle PLC from GBX 720 ($9.40) to GBX 825 ($10.77) and gave the company a “buy” rating in a report on Friday, August 26th. Finally, Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 670 ($8.75) price target on shares of Tate & Lyle PLC in a report on Friday, July 22nd. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 727.08 ($9.49).

Tate & Lyle PLC (LON:TATE) opened at 767.50 on Thursday. Tate & Lyle PLC has a 12 month low of GBX 529.00 and a 12 month high of GBX 781.00. The stock’s market capitalization is GBX 3.56 billion. The company has a 50 day moving average of GBX 733.94 and a 200 day moving average of GBX 661.84.

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In other Tate & Lyle PLC news, insider Hampton,Nick sold 45,600 shares of the stock in a transaction on 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 acquired 15,000 shares of the business’s stock in a transaction on Monday, July 25th. The stock was acquired at an average price of GBX 699 ($9.12) per share, with a total value of £104,850 ($136,862.03).

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