The Tate & Lyle PLC (TATE) Upgraded to “Add” at Numis Securities Ltd, Report finds

The Tate & Lyle PLC (TATE) Upgraded to “Add” at Numis Securities Ltd, Report finds

Several other research firms have also issued reports on TATE. J P Morgan Chase & Co set a GBX 770 ($9.59) price target on Tate & Lyle PLC and gave the stock a neutral rating in a research report on Thursday, October 13th. BNP Paribas raised their price target on Tate & Lyle PLC from GBX 700 ($8.72) to GBX 770 ($9.59) and gave the stock a neutral rating in a research report on Friday, October 14th. Goldman Sachs Group, Inc. (The) set a GBX 715 ($8.91) price target on Tate & Lyle PLC and gave the stock a neutral rating in a research report on Friday, October 21st. Liberum Capital restated a buy rating and set a GBX 795 ($9.90) price target on shares of Tate & Lyle PLC in a research report on Tuesday, October 25th. Finally, Jefferies Group LLC raised their price target on Tate & Lyle PLC from GBX 825 ($10.28) to GBX 880 ($10.96) and gave the stock a buy rating in a research report on Monday, October 31st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 769 ($9.58).

Numis Securities Ltd upgraded shares of Tate & Lyle PLC (LON:TATE) to an add rating in a report published on Friday. Numis Securities Ltd currently has GBX 833 ($10.38) price target on the stock.

Tate & Lyle PLC (LON:TATE) opened at 719.00 on Friday. The company’s market cap is GBX 3.34 billion. Tate & Lyle PLC has a 12 month low of GBX 531.50 and a 12 month high of GBX 850.00. The company has a 50 day moving average price of GBX 690.43 and a 200-day moving average price of GBX 717.38.

In related news, insider Gerry M. Murphy acquired 10,000 shares of Tate & Lyle PLC stock in a transaction that occurred on Friday, February 10th. The stock was bought at an average price of GBX 717 ($8.93) per share, with a total value of £71,700 ($89,312.41).

Tate & Lyle PLC Company Profile

Tate & Lyle PLC is a provider of ingredients and solutions to the food, beverage and other industries. The Company’s segments include Speciality Food Ingredients and Bulk Ingredients. The Speciality Food Ingredients segment’s product categories include dairy, beverage, bakery and convenience. The Bulk Ingredients segment’s product lines include bulk sweeteners for food and beverage customers, and industrial starches for paper and construction industries.

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