The stock of Tate & Lyle PLC (LON:TATE) is a huge mover today! The stock increased 3.65% or GBX 28.43 on November 3, hitting GBX 806.93. About 4.19 million shares traded hands or 142.20% up from the average. Tate & Lyle PLC (LON:TATE) has risen 35.97% since April 6, 2016 and is uptrending. It has outperformed by 34.76% the S&P500.
The move comes after 9 months positive chart setup for the GBX 3.76 billion company. It was reported on Nov, 3 by Barchart.com. We have GBX 968.32 PT which if reached, will make LON:TATE worth GBX 752.00 million more.
Tate & Lyle PLC (LON:TATE) Ratings Coverage
Out of 16 analysts covering Tate Lyle PLC (LON:TATE), 5 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 31% are positive. Tate Lyle PLC has been the topic of 129 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Liberum Capital maintained Tate & Lyle PLC (LON:TATE) rating on Tuesday, September 29. Liberum Capital has “Buy” rating and GBX 670 price target. The firm earned “Buy” rating on Monday, November 16 by Liberum Capital. The firm earned “Hold” rating on Wednesday, July 29 by Shore Capital. The stock of Tate & Lyle PLC (LON:TATE) earned “Buy” rating by Liberum Capital on Thursday, October 29. Liberum Capital maintained Tate & Lyle PLC (LON:TATE) rating on Tuesday, May 24. Liberum Capital has “Buy” rating and GBX 700 price target. The firm has “Buy” rating given on Monday, November 9 by Deutsche Bank. The rating was maintained by Liberum Capital on Monday, February 29 with “Buy”. The company was maintained on Friday, September 30 by Liberum Capital. BNP Paribas maintained Tate & Lyle PLC (LON:TATE) on Thursday, September 8 with “Neutral” rating. Jefferies upgraded Tate & Lyle PLC (LON:TATE) on Thursday, August 27 to “Buy” rating.
More news for Tate & Lyle PLC (LON:TATE) were recently published by: Businesswire.com, which released: “Tate & Lyle PLC UK Regulatory Announcement: Half-year Report” on November 03, 2016. Businesswire.com‘s article titled: “Tate & Lyle PLC UK Regulatory Announcement: Directorate Change” and published on October 26, 2016 is yet another important article.
Tate & Lyle PLC is a provider of ingredients and solutions to the food, beverage and other industries. The company has a market cap of 3.76 billion GBP. The Company’s divisions include Speciality Food Ingredients and Bulk Ingredients. It has a 31.18 P/E ratio. The Speciality Food Ingredients segment’s product categories include dairy, beverage, bakery and convenience.
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