Tate & Lyle PLC (LON:TATE) has been given an average recommendation of “Hold” by the fifteen brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 778.23 ($10.13).
Several equities research analysts have recently commented on TATE shares. Deutsche Bank AG reiterated a “buy” rating and set a GBX 875 ($11.39) price objective on shares of Tate & Lyle PLC in a research note on Thursday, April 13th. Liberum Capital reiterated a “buy” rating and set a GBX 850 ($11.07) price objective on shares of Tate & Lyle PLC in a research note on Tuesday, June 27th. Shore Capital reiterated a “hold” rating on shares of Tate & Lyle PLC in a research note on Thursday, June 15th. Jefferies Group LLC downgraded shares of Tate & Lyle PLC to a “hold” rating and lowered their price objective for the stock from GBX 870 ($11.33) to GBX 800 ($10.42) in a research note on Wednesday, June 7th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 775 ($10.09) price objective on shares of Tate & Lyle PLC in a research note on Monday, May 15th.
Tate & Lyle PLC (LON:TATE) opened at 681.00 on Friday. The company’s market capitalization is GBX 3.15 billion. Tate & Lyle PLC has a 52-week low of GBX 653.50 and a 52-week high of GBX 850.00. The company has a 50-day moving average price of GBX 679.85 and a 200 day moving average price of GBX 729.40.
The firm also recently announced a dividend, which was paid on Tuesday, August 1st. Investors of record on Thursday, June 29th were issued a dividend of GBX 19.80 ($0.26) per share. This represents a dividend yield of 2.64%. The ex-dividend date was Thursday, June 29th. This is a boost from Tate & Lyle PLC’s previous dividend of $8.20.
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 shares were sold at an average price of GBX 727 ($9.47), for a total value of £623,860.51 ($812,424.16).
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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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