Published On: Fri, Sep 9th, 2016

Tate & Lyle PLC (TATE) Given a GBX 830 Price Target at Societe Generale

Tate & Lyle PLC (LON:TATE) has been assigned a GBX 830 ($11.05) price target by analysts at Societe Generale in a research note issued to investors on Thursday. The brokerage presently has a a “buy” rating on the stock. Societe Generale’s target price indicates a potential upside of 13.08% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. Liberum Capital reaffirmed a “buy” rating and issued a GBX 790 ($10.52) target price on shares of Tate & Lyle PLC in a report on Monday, July 11th. BNP Paribas reiterated a “neutral” rating and issued a GBX 700 ($9.32) price target on shares of Tate & Lyle PLC in a research note on Friday, July 22nd. Citigroup Inc. increased their price target on Tate & Lyle PLC from GBX 600 ($7.99) to GBX 680 ($9.06) and gave the company a “neutral” rating in a research note on Friday, May 27th. Jefferies Group increased their price target on Tate & Lyle PLC from GBX 640 ($8.52) to GBX 720 ($9.59) and gave the company a “buy” rating in a research note on Wednesday, June 15th. Finally, Numis Securities Ltd increased their price target on Tate & Lyle PLC from GBX 598 ($7.96) to GBX 628 ($8.36) and gave the company a “hold” rating in a research note on Wednesday, June 8th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Tate & Lyle PLC has an average rating of “Hold” and a consensus price target of GBX 725.83 ($9.67).
Tate & Lyle PLC (LON:TATE) traded up 0.20% on Thursday, reaching GBX 734.00. The company’s stock had a trading volume of 1,394,132 shares. The firm’s 50-day moving average price is GBX 726.07 and its 200-day moving average price is GBX 639.69. The stock’s market cap is GBX 3425.34 billion. Tate & Lyle PLC has a 52-week low of GBX 529.00 and a 52-week high of GBX 747.32.

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In other news, insider Frederiksen,Lars bought 15,000 shares of Tate & Lyle PLC stock in a transaction dated Monday, July 25th. The stock was bought at an average cost of GBX 699 ($9.31) per share, for a total transaction of £104,850 ($139,651.04). Also, insider Hampton,Nick sold 45,600 shares of the firm’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of GBX 739 ($9.84), for a total value of £336,984 ($448,833.24).
About Tate & Lyle PLC
Tate & Lyle PLC provides ingredients and solutions to the food, beverage and other industries. The Company operates through two business segments: Speciality Food Ingredients, which offers products, such as sweeteners, texturants, health and wellness, and food systems, and Bulk Ingredients segment, which offers products, such as liquid sweeteners, industrial starches, citric acid, bio-fuels and animal feed.

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