Steve Foots Purchases 16,000 Shares of Tate & Lyle (LON:TATE) Stock

Key Points

• Steve Foots, an insider at Tate & Lyle plc, acquired 16,000 shares at an average price of GBX 370 per share, totaling £59,200.
• The company’s stock saw a recent trading increase, reaching GBX 370.77, and has a market cap of £1.64 billion.
• Recent analyst reports indicate a range of target prices for Tate & Lyle, with opinions varying from a “buy” rating to a “hold rating”, showcasing a consensus of “Moderate Buy” with an average price target of GBX 540.

Tate & Lyle plc (LON:TATE - Get Free Report) insider Steve Foots bought 16,000 shares of Tate & Lyle stock in a transaction dated Monday, October 6th. The shares were bought at an average price of GBX 370 per share, for a total transaction of £59,200.

Tate & Lyle Price Performance

Shares of TATE stock traded up GBX 5.77 during trading hours on Monday, reaching GBX 370.77. 6,811,848 shares of the company were exchanged, compared to its average volume of 3,103,833. Tate & Lyle plc has a fifty-two week low of GBX 364.40 and a fifty-two week high of GBX 848.50. The stock's fifty day moving average is GBX 509.72 and its two-hundred day moving average is GBX 528.73. The company has a market cap of £1.64 billion, a price-to-earnings ratio of 1,074.70, a P/E/G ratio of 1.37 and a beta of 0.50. The company has a debt-to-equity ratio of 47.66, a current ratio of 3.22 and a quick ratio of 1.77.

Wall Street Analyst Weigh In

TATE has been the topic of a number of research reports. Citigroup reduced their target price on shares of Tate & Lyle from GBX 670 to GBX 540 and set a "buy" rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Tate & Lyle from GBX 800 to GBX 460 and set a "buy" rating on the stock in a report on Thursday. Finally, Berenberg Bank increased their price objective on shares of Tate & Lyle from GBX 600 to GBX 620 and gave the company a "hold" rating in a report on Wednesday, July 9th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Tate & Lyle has a consensus rating of "Moderate Buy" and an average price target of GBX 540.

About Tate & Lyle

Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through three segments: Food & Beverage Solutions, Sucralose, and Primary Products.

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