Tate & Lyle PLC (LON:TATE) Rating Reiterated by Liberum Capital
Liberum Capital restated their buy rating on shares of Tate & Lyle PLC (LON:TATE) in a research note issued to investors on Tuesday, June 27th. They currently have a GBX 850 ($11.01) price objective on the stock.
Other equities analysts also recently issued research reports about the company. Numis Securities Ltd raised Tate & Lyle PLC to an add rating and upped their target price for the company from GBX 849 ($11.00) to GBX 882 ($11.42) in a research report on Monday, June 5th. Deutsche Bank AG reissued a buy rating and set a GBX 875 ($11.33) price target on shares of Tate & Lyle PLC in a research report on Friday, May 26th. Shore Capital reissued a hold rating on shares of Tate & Lyle PLC in a research report on Thursday, June 15th. Jefferies Group LLC downgraded Tate & Lyle PLC to a hold rating and reduced their price target for the stock from GBX 870 ($11.27) to GBX 800 ($10.36) in a research report on Wednesday, June 7th. Finally, Berenberg Bank reissued a hold rating and set a GBX 775 ($10.04) price target on shares of Tate & Lyle PLC in a research report on Monday, May 15th. Two 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’s stock. The stock currently has a consensus rating of Hold and an average target price of GBX 778.23 ($10.08).
Shares of Tate & Lyle PLC (LON TATE) traded down 0.96% during mid-day trading on Tuesday, hitting GBX 672.00. The stock had a trading volume of 1,807,887 shares. The company has a 50-day moving average of GBX 738.89 and a 200 day moving average of GBX 733.12. Tate & Lyle PLC has a one year low of GBX 653.50 and a one year high of GBX 850.00. The firm’s market cap is GBX 3.11 billion.
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The firm also recently declared a dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Thursday, June 29th will be issued a dividend of GBX 19.80 ($0.26) per share. This is an increase from Tate & Lyle PLC’s previous dividend of $8.20. This represents a yield of 2.64%. The ex-dividend date is Thursday, June 29th.
In other Tate & Lyle PLC news, insider Javed Ahmed sold 85,813 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of GBX 727 ($9.42), for a total transaction of £623,860.51 ($808,109.47).
About Tate & Lyle PLC
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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