TATE.... Large Director BUY27 Aug 2015 10:46
<b>Insider Buying: Tate & Lyle PLC insider Purchases 10,000 Shares of Stock (TATE)
August 25th, 2015</b>
Tate & Lyle PLC (LON:TATE) insider Gershon,Peter purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were acquired at an average price of GBX 510 ($7.99) per share, for a total transaction of £51,000 ($79,912.25).
The company also recently disclosed a dividend, which was paid on Friday, July 31st. Shareholders of record on Thursday, July 2nd were given a GBX 19.80 ($0.31) dividend. This represents a yield of 3.38%. The ex-dividend date of this dividend was Thursday, July 2nd.
A number of research firms have recently weighed in on TATE. Numis Securities Ltd reaffirmed a “reduce” rating and set a GBX 545 ($8.54) price objective (down previously from GBX 563 ($8.82)) on shares of Tate & Lyle PLC in a research note on Tuesday, April 28th. Berenberg Bank lowered their target price on Tate & Lyle PLC from GBX 645 ($10.11) to GBX 625 ($9.79) and set a “hold” rating for the company in a report on Friday, May 29th. Liberum Capital restated a “sell” rating and issued a GBX 505 ($7.91) price objective on shares of Tate & Lyle PLC in a report on Friday, August 14th. Societe Generale upgraded Tate & Lyle PLC to a “buy” rating and set a GBX 620 ($9.71) price target for the company in a report on Thursday, July 30th. Finally, BNP Paribas cut their price objective on shares of Tate & Lyle PLC from GBX 550 ($8.62) to GBX 540 ($8.46) and set an “underperform” rating for the company in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 598.25 ($9.37).
Tate & Lyle PLC (LON:TATE) traded up 0.89% during midday trading on Tuesday, hitting GBX 507.50. 1,909,139 shares of the stock were exchanged. The firm’s market capitalization is GBX 2.35 billion. The firm’s 50-day moving average price is GBX 525.15 and its 200 day moving average price is GBX 573.53. Tate & Lyle PLC has a 1-year low of GBX 501.18 and a 1-year high of GBX 744.50.
Tate & Lyle PLC is a provider of ingredients and solutions to the food, beverage and other industries. The Company uses technology to turn raw materials into ingredients for its customers. These ingredients add taste, texture, nutrition and increased functionality to products. Its customers include industrial, animal feed, pharmaceutical and personal care markets. The Company operates in two segments namely Speciality Food Ingredients (LON:TATE) and Bulk Ingredients (BI). In SFI segment, the Company operates three categories: sweeteners, such as SPLENDA Sucralose and crystalline fructose;