Tate & Lyle PLC’s Underperform Rating Reaffirmed at BNP Paribas (TATE)
Tate & Lyle PLC (LON:TATE)‘s stock had its “underperform” rating reiterated by investment analysts at BNP Paribas in a note issued to investors on Friday. They currently have a GBX 590 ($10.12) target price on the stock. BNP Paribas’ price objective would indicate a potential downside of 10.40% from the stock’s previous close.
A number of other analysts have also recently weighed in on TATE. Analysts at Jefferies Group reiterated a “hold” rating on shares of Tate & Lyle PLC in a research note on Tuesday, June 24th. They now have a GBX 715 ($12.26) price target on the stock. Separately, analysts at Numis Securities Ltd raised their price target on shares of Tate & Lyle PLC from GBX 693 ($11.89) to GBX 730 ($12.52) in a research note on Thursday, June 5th. They now have a “hold” rating on the stock. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 736.13 ($12.63).
Shares of Tate & Lyle PLC (LON:TATE) traded up 0.15% during mid-day trading on Friday, hitting GBX 658.50. The stock had a trading volume of 1,060,086 shares. Tate & Lyle PLC has a 52 week low of GBX 618.50 and a 52 week high of GBX 872.00. The stock has a 50-day moving average of GBX 677.6 and a 200-day moving average of GBX 697.6. The company’s market cap is £3.052 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 ($0.34) 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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