Tate & Lyle PLC (TATE) Rating Reiterated by Citigroup Inc.
Tate & Lyle PLC (LON:TATE)‘s stock had its “neutral” rating reaffirmed by equities researchers at Citigroup Inc. in a research report issued on Thursday.
Several other research firms have also commented on TATE. Societe Generale set a GBX 875 ($10.84) target price on shares of Tate & Lyle PLC and gave the company a “neutral” rating in a report on Friday, November 4th. Berenberg Bank set a GBX 810 ($10.03) target price on shares of Tate & Lyle PLC and gave the company a “neutral” rating in a report on Friday, November 4th. JPMorgan Chase & Co. set a GBX 770 ($9.54) target price on shares of Tate & Lyle PLC and gave the company a “neutral” rating in a report on Thursday, October 13th. BNP Paribas raised their target price on shares of Tate & Lyle PLC from GBX 700 ($8.67) to GBX 770 ($9.54) and gave the company a “neutral” rating in a report on Friday, October 14th. Finally, Goldman Sachs Group Inc. set a GBX 715 ($8.86) target price on shares of Tate & Lyle PLC and gave the company a “neutral” rating in a report on Friday, October 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 791 ($9.80).
Shares of Tate & Lyle PLC (LON:TATE) opened at 678.2032 on Thursday. The company’s market capitalization is GBX 3.15 billion. The company’s 50 day moving average is GBX 761.84 and its 200-day moving average is GBX 695.32. Tate & Lyle PLC has a 1-year low of GBX 529.00 and a 1-year high of GBX 850.00.
The company also recently declared a dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, November 24th will be given a GBX 8.20 ($0.10) dividend. The ex-dividend date is Thursday, November 24th. This represents a dividend yield of 1.02%.
In related news, insider Javed Ahmed acquired 30,000 shares of the stock in a transaction dated Wednesday, November 9th. The stock was bought at an average price of GBX 660 ($8.18) per share, for a total transaction of £198,000 ($245,261.98). Also, insider Hampton,Nick sold 45,600 shares of Tate & Lyle PLC stock in a transaction on Friday, August 19th. The shares were sold at an average price of GBX 739 ($9.15), for a total transaction of £336,984 ($417,421.03).
About Tate & Lyle PLC
Tate & Lyle PLC provides ingredients and solutions to the food, beverage and other industries. The Company operates through two business segments: Speciality Food Ingredients, which offers products, such as sweeteners, texturants, health and wellness, and food systems, and Bulk Ingredients segment, which offers products, such as liquid sweeteners, industrial starches, citric acid, bio-fuels and animal feed.
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