Tate & Lyle PLC (TATE) Receives Average Recommendation of “Hold” from Analysts

Shares of Tate & Lyle PLC (LON:TATE) have been given an average recommendation of “Hold” by the thirteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 743.36 ($10.00).

A number of analysts recently issued reports on TATE shares. Liberum Capital reissued a “buy” rating and set a GBX 850 ($11.44) target price on shares of Tate & Lyle in a research note on Wednesday, August 30th. Jefferies Group raised Tate & Lyle to a “buy” rating and lowered their target price for the stock from GBX 800 ($10.77) to GBX 750 ($10.09) in a research note on Monday, October 23rd. Deutsche Bank reissued a “hold” rating and set a GBX 725 ($9.76) target price on shares of Tate & Lyle in a research note on Friday, November 3rd. Credit Suisse Group reissued a “neutral” rating and set a GBX 710 ($9.56) target price on shares of Tate & Lyle in a research note on Friday, November 3rd. Finally, Kepler Capital Markets raised Tate & Lyle to a “hold” rating and lowered their target price for the stock from GBX 690 ($9.29) to GBX 660 ($8.88) in a research note on Friday, October 27th.

Tate & Lyle (LON TATE) traded up GBX 9.50 ($0.13) during midday trading on Monday, reaching GBX 706 ($9.50). The company had a trading volume of 1,793,140 shares, compared to its average volume of 4,490,000. Tate & Lyle has a twelve month low of GBX 622 ($8.37) and a twelve month high of GBX 796.50 ($10.72).

The company also recently declared a dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, November 30th will be given a dividend of GBX 8.40 ($0.11) per share. This represents a yield of 1.19%. The ex-dividend date is Thursday, November 30th.

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About Tate & Lyle

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.

Analyst Recommendations for Tate & Lyle (LON:TATE)

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