Liberum Capital reaffirmed their buy rating on shares of Tate & Lyle (LON:TATE) in a research report report published on Monday. The firm currently has a GBX 850 ($11.53) target price on the stock.
A number of other brokerages have also weighed in on TATE. Berenberg Bank dropped their target price on shares of Tate & Lyle from GBX 805 ($10.92) to GBX 730 ($9.90) and set a hold rating for the company in a research report on Friday, September 22nd. Deutsche Bank restated a hold rating and set a GBX 725 ($9.83) target price on shares of Tate & Lyle in a research report on Friday, November 3rd. Credit Suisse Group decreased their price target on shares of Tate & Lyle from GBX 780 ($10.58) to GBX 710 ($9.63) and set a neutral rating on the stock in a research note on Tuesday, October 17th. Kepler Capital Markets reaffirmed a hold rating and set a GBX 660 ($8.95) price target on shares of Tate & Lyle in a research note on Thursday, November 2nd. Finally, Jefferies Group raised shares of Tate & Lyle to a buy rating and decreased their price target for the company from GBX 800 ($10.85) to GBX 750 ($10.17) in a research note on Monday, October 23rd. 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 stock. The stock has a consensus rating of Hold and a consensus target price of GBX 743.36 ($10.08).
Tate & Lyle (TATE) opened at GBX 683 ($9.26) on Monday. Tate & Lyle has a 12-month low of GBX 622 ($8.44) and a 12-month high of GBX 796.50 ($10.80). The firm has a market cap of $3,180.00 and a price-to-earnings ratio of 1,288.68.
The company also recently announced a dividend, which was paid on Friday, January 5th. Stockholders of record on Thursday, November 30th were paid a GBX 8.40 ($0.11) dividend. This represents a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, November 30th.
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Tate & Lyle 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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