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Tate & Lyle ( (GB:TATE) ) just unveiled an update.
Tate & Lyle PLC announced a transaction involving the acquisition of 16,000 ordinary shares by Steve Foots, a Person Discharging Managerial Responsibilities, and Alison Foots, a person closely associated. This transaction, conducted on the London Stock Exchange at a price of £3.699547 per share, aligns with the company’s compliance with the Market Abuse Regulation and reflects the confidence of its management in the company’s future prospects.
The most recent analyst rating on (GB:TATE) stock is a Buy with a £4.60 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 is a global provider in the food and beverage industry, specializing in the production of ingredients and solutions that enhance taste, texture, and nutritional value. The company focuses on delivering innovative solutions to meet the evolving needs of its customers and consumers worldwide.
Average Trading Volume: 1,414,863
Technical Sentiment Signal: Sell
Current Market Cap: £1.61B
Find detailed analytics on TATE stock on TipRanks’ Stock Analysis page.