Shares of Tate & Lyle PLC (LON:TATE) have received an average rating of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 711.43 ($8.75).
Several brokerages have issued reports on TATE. Credit Suisse Group lowered their price objective on shares of Tate & Lyle from GBX 730 ($8.98) to GBX 690 ($8.49) and set a “neutral” rating for the company in a research report on Friday, May 22nd. Barclays lowered their price objective on shares of Tate & Lyle from GBX 800 ($9.84) to GBX 730 ($8.98) and set an “overweight” rating for the company in a research report on Thursday, May 28th. Goldman Sachs Group raised their price target on shares of Tate & Lyle from GBX 750 ($9.23) to GBX 755 ($9.29) and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Deutsche Bank reissued a “hold” rating and set a GBX 630 ($7.75) price target on shares of Tate & Lyle in a research report on Friday, May 22nd. Finally, Kepler Capital Markets raised shares of Tate & Lyle to a “buy” rating in a research report on Tuesday, March 17th.
LON:TATE traded up GBX 3.20 ($0.04) during trading hours on Tuesday, hitting GBX 672.40 ($8.27). The stock had a trading volume of 813,839 shares, compared to its average volume of 2,840,000. The company has a current ratio of 2.23, a quick ratio of 1.15 and a debt-to-equity ratio of 51.61. Tate & Lyle has a 1-year low of GBX 493.83 ($6.08) and a 1-year high of GBX 811.40 ($9.99). The business has a 50 day simple moving average of GBX 666.28 and a two-hundred day simple moving average of GBX 707.01. The company has a market cap of $3.18 billion and a PE ratio of 12.91.
The company also recently disclosed a dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, June 18th will be paid a dividend of GBX 20.80 ($0.26) per share. The ex-dividend date is Thursday, June 18th. This is a boost from Tate & Lyle’s previous dividend of $8.80. This represents a yield of 3.23%. Tate & Lyle’s dividend payout ratio (DPR) is 57.58%.
About Tate & Lyle
Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through three segments: Food & Beverage Solutions, Sucralose, and Primary Products.
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