Deutsche Bank analyst Virginie Boucher-Ferte maintained a Buy rating on Tate & Lyle today and set a price target of £4.60. The company’s shares opened today at p368.80.
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According to TipRanks, Boucher-Ferte is a 3-star analyst with an average return of 2.0% and a 52.44% success rate. Boucher-Ferte covers the Basic Materials sector, focusing on stocks such as Arkema, BASF SE, and Evonik.
Currently, the analyst consensus on Tate & Lyle is a Moderate Buy with an average price target of p579.63, a 57.17% upside from current levels. In a report released yesterday, Bank of America Securities also maintained a Buy rating on the stock with a £6.30 price target.
TATE market cap is currently £1.73B and has a P/E ratio of 27.59.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TATE in relation to earlier this year.
Read More on GB:TATE:
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- Tate & Lyle Director Increases Stake with ADR Purchase
- Tate & Lyle downgraded to Equal Weight from Overweight at Barclays
- Tate & Lyle price target lowered to 540 GBp from 670 GBp at Citi
- Tate & Lyle Faces Downgrade Amid Declining Demand and Profit Guidance Reduction
- Tate & Lyle Reports Progress Amid Market Challenges
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