Tate & Lyle plc (LON:TATE) declared a dividend on Thursday, November 2nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, November 30th will be given a dividend of GBX 8.40 ($0.11) per share on Friday, January 5th. This represents a yield of 1.19%. The ex-dividend date of this dividend is Thursday, November 30th. The official announcement can be viewed at this link.
Tate & Lyle (LON:TATE) opened at GBX 684 ($9.12) on Wednesday. Tate & Lyle has a twelve month low of GBX 622 ($8.29) and a twelve month high of GBX 796.50 ($10.62).
A number of research analysts have recently weighed in on TATE shares. Liberum Capital reissued a “buy” rating and issued a GBX 850 ($11.33) price objective on shares of Tate & Lyle in a report on Monday, November 6th. Berenberg Bank reissued a “hold” rating and issued a GBX 730 ($9.73) price objective on shares of Tate & Lyle in a report on Thursday, November 2nd. Deutsche Bank reissued a “hold” rating and issued a GBX 725 ($9.67) price objective on shares of Tate & Lyle in a report on Friday, November 3rd. Credit Suisse Group cut their price objective on Tate & Lyle from GBX 780 ($10.40) to GBX 710 ($9.47) and set a “neutral” rating on the stock in a report on Tuesday, October 17th. Finally, Kepler Capital Markets reissued a “hold” rating and issued a GBX 660 ($8.80) price objective on shares of Tate & Lyle in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 743.36 ($9.91).
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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.
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