Tate & Lyle PLC (TATE) Receives Consensus Rating of “Hold” from Brokerages
Tate & Lyle PLC (LON:TATE) has been given an average recommendation of “Hold” by the fifteen analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 778.23 ($10.10).
TATE has been the topic of several recent analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 875 ($11.36) price target on shares of Tate & Lyle PLC in a research report on Friday, May 26th. Liberum Capital reaffirmed a “buy” rating and set a GBX 850 ($11.03) price target on shares of Tate & Lyle PLC in a research report on Tuesday, June 27th. Shore Capital reaffirmed a “hold” rating on shares of Tate & Lyle PLC in a research report on Thursday, June 15th. Jefferies Group LLC lowered Tate & Lyle PLC to a “hold” rating and lowered their price target for the stock from GBX 870 ($11.29) to GBX 800 ($10.39) in a research report on Wednesday, June 7th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 775 ($10.06) price target on shares of Tate & Lyle PLC in a research report on Monday, May 15th.
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In other Tate & Lyle PLC news, insider Javed Ahmed sold 85,813 shares of Tate & Lyle PLC stock in a transaction on Thursday, June 15th. The stock was sold at an average price of GBX 727 ($9.44), for a total value of £623,860.51 ($809,892.91).
Tate & Lyle PLC (LON:TATE) traded up 0.36% during midday trading on Tuesday, hitting GBX 689.00. The stock had a trading volume of 817,802 shares. The firm has a 50-day moving average price of GBX 677.23 and a 200-day moving average price of GBX 730.10. Tate & Lyle PLC has a 1-year low of GBX 653.50 and a 1-year high of GBX 850.00. The firm’s market capitalization is GBX 3.19 billion.
The company also recently declared a dividend, which was paid on Tuesday, August 1st. Investors of record on Thursday, June 29th were paid a GBX 19.80 ($0.26) dividend. The ex-dividend date was Thursday, June 29th. This is an increase from Tate & Lyle PLC’s previous dividend of $8.20. This represents a yield of 2.64%.
Tate & Lyle PLC Company Profile
Tate & Lyle PLC is a provider of ingredients and solutions to the food, beverage and other industries. The Company’s segments include Speciality Food Ingredients and Bulk Ingredients. The Speciality Food Ingredients segment’s product categories include dairy, beverage, bakery and convenience. The Bulk Ingredients segment’s product lines include bulk sweeteners for food and beverage customers, and industrial starches for paper and construction industries.
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