Tate & Lyle CEO Exercises Share Options, Acquires 3,321 Shares

Tate & Lyle ( (GB:TATE) ) just unveiled an announcement.

Tate & Lyle PLC announced that its CEO, Nick Hampton, has exercised options to acquire 3,321 ordinary shares under the Tate & Lyle 2020 Sharesave Scheme at a price of 542 pence per share. This transaction, conducted outside a trading venue, reflects the company’s adherence to the Market Abuse Regulation and highlights the CEO’s continued investment in the company, potentially signaling confidence in its future performance.

The most recent analyst rating on (GB:TATE) stock is a Hold with a £8.20 price target. To see the full list of analyst forecasts on Tate & Lyle stock, see the GB:TATE Stock Forecast page.

Spark’s Take on GB:TATE Stock

According to Spark, TipRanks’ AI Analyst, GB:TATE is a Outperform.

Tate & Lyle scores well due to its strong financial health, solid valuation, and positive corporate events, reflecting confidence in future prospects. However, declining revenue and mixed technical indicators suggest caution in the near term. The successful integration of CP Kelco and strategic initiatives further enhance its outlook.

To see Spark’s full report on GB:TATE stock, click here.

More about Tate & Lyle

Tate & Lyle PLC operates in the food and beverage industry, specializing in the production of ingredients and solutions for food and drink manufacturers. The company focuses on providing sweeteners, texturants, and other specialty ingredients to enhance the taste, texture, and nutritional value of products.

Average Trading Volume: 1,270,695

Technical Sentiment Signal: Sell

Current Market Cap: £2.52B

Learn more about TATE stock on TipRanks’ Stock Analysis page.