Tate & Lyle (TATE) Trading Down 0%

Tate & Lyle PLC (LON:TATE) shares were down 0% during trading on Thursday . The company traded as low as GBX 552.20 ($7.63) and last traded at GBX 564.40 ($7.80). Approximately 3,642,435 shares were traded during mid-day trading, an increase of 57% from the average daily volume of 2,320,000 shares. The stock had previously closed at GBX 564.40 ($7.80).

TATE has been the topic of a number of research reports. Liberum Capital restated a “buy” rating and set a GBX 850 ($11.74) price target on shares of Tate & Lyle in a research note on Tuesday, January 16th. Jefferies Group upgraded Tate & Lyle to a “buy” rating and decreased their price target for the stock from GBX 800 ($11.05) to GBX 750 ($10.36) in a research note on Monday, October 23rd. Investec restated a “buy” rating and set a GBX 735 ($10.15) price target on shares of Tate & Lyle in a research note on Monday, January 29th. Kepler Capital Markets upgraded Tate & Lyle to a “buy” rating and set a GBX 630 ($8.70) price target on the stock in a research note on Tuesday. Finally, Deutsche Bank restated a “hold” rating and set a GBX 725 ($10.02) price target on shares of Tate & Lyle in a research note on Friday, November 3rd. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 731 ($10.10).

The company has a market cap of $2,640.00 and a price-to-earnings ratio of 1,064.91.

In other Tate & Lyle news, insider Gerry M. Murphy bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average price of GBX 571 ($7.89) per share, with a total value of £57,100 ($78,889.20).

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Tate & Lyle 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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