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Tate & Lyle ( (GB:TATE) ) has issued an announcement.
Tate & Lyle PLC announced that Glenn Fish, a non-executive director and person discharging managerial responsibilities, acquired 1,000 American Depositary Receipts (ADRs) at a price of US$20.50 each. This transaction, conducted on the OTCQX exchange, increases Mr. Fish’s total interest to 5,049.828 ADRs, representing 20,199.3 shares in the company. The acquisition reflects a strategic move by a key company figure, potentially signaling confidence in the company’s future performance and stability.
The most recent analyst rating on (GB:TATE) stock is a Hold with a £4.30 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 Neutral.
Tate & Lyle’s overall stock score is driven by strong earnings call highlights, including strategic growth and robust EBITDA performance. Financial stability and a reasonable dividend yield support the score, though technical indicators and valuation suggest caution.
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 that enhance the taste, texture, and nutritional value of products. The company focuses on providing innovative solutions to meet the evolving needs of its global customer base.
Average Trading Volume: 1,358,446
Technical Sentiment Signal: Sell
Current Market Cap: £1.73B
Learn more about TATE stock on TipRanks’ Stock Analysis page.