Tate & Lyle (LON:TATE) Insider Nick Hampton Purchases 25,000 Shares

Key Points

• Insider Nick Hampton bought 25,000 shares of Tate & Lyle stock at an average price of GBX 369, totaling £92,250.
• The company’s stock recently traded at GBX 365, with a market capitalization of £1.61 billion and a significant P/E ratio of 1,057.97.
• Analysts have provided a mixed forecast for Tate & Lyle, with target prices ranging from GBX 460 to GBX 620 and a consensus rating of "Moderate Buy".

Tate & Lyle plc (LON:TATE - Get Free Report) insider Nick Hampton purchased 25,000 shares of Tate & Lyle stock in a transaction that occurred on Friday, October 3rd. The shares were bought at an average price of GBX 369 per share, for a total transaction of £92,250.

Tate & Lyle Price Performance

LON TATE traded down GBX 6.40 on Friday, hitting GBX 365. 7,237,471 shares of the company were exchanged, compared to its average volume of 3,084,520. The firm has a 50 day moving average of GBX 513.26 and a two-hundred day moving average of GBX 530.02. The company has a market cap of £1.61 billion, a P/E ratio of 1,057.97, a P/E/G ratio of 1.37 and a beta of 0.50. The company has a current ratio of 3.22, a quick ratio of 1.77 and a debt-to-equity ratio of 47.66. Tate & Lyle plc has a 1-year low of GBX 365 and a 1-year high of GBX 848.50.

Wall Street Analysts Forecast Growth

TATE has been the subject of several recent research reports. Berenberg Bank boosted their price objective on Tate & Lyle from GBX 600 to GBX 620 and gave the stock a "hold" rating in a report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft lowered their price target on Tate & Lyle from GBX 800 to GBX 460 and set a "buy" rating for the company in a research note on Thursday. Finally, Citigroup lowered their price target on Tate & Lyle from GBX 670 to GBX 540 and set a "buy" rating for the company in a research note on Thursday. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of GBX 540.

Tate & Lyle Company Profile

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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