Tate & Lyle PLC Stock Rating Reaffirmed by Societe Generale (TATE)
Tate & Lyle PLC (LON:TATE)‘s stock had its “buy” rating restated by analysts at Societe Generale in a research report issued to clients and investors on Wednesday. They currently have a GBX 760 ($12.74) price target on the stock. Societe Generale’s price target indicates a potential upside of 10.14% from the company’s current price.
A number of other firms have also recently commented on TATE. Analysts at Berenberg Bank reiterated a “buy” rating on shares of Tate & Lyle PLC in a research note on Tuesday. They now have a GBX 775 ($12.99) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Tate & Lyle PLC in a research note on Tuesday. They now have a GBX 825 ($13.83) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Tate & Lyle PLC in a research note on Monday. They now have a GBX 660 ($11.06) price target on the stock. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Tate & Lyle PLC has a consensus rating of “Hold” and an average price target of GBX 749.13 ($12.56).
Shares of Tate & Lyle PLC (LON:TATE) opened at 693.00 on Wednesday. Tate & Lyle PLC has a 52-week low of GBX 618.50 and a 52-week high of GBX 889.5001. The stock has a 50-day moving average of GBX 683.1 and a 200-day moving average of GBX 718.6. The company’s market cap is £3.216 billion.
The company also recently declared a dividend, which is scheduled for Friday, August 1st. Investors of record on Wednesday, June 25th will be given a dividend of GBX 19.80 ($0.33) per share. This represents a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, June 25th.
Tate & Lyle PLC is a global provider of ingredients and solutions to the food, beverage and other industries.
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