Liberum Capital Reaffirms “Buy” Rating for Tate & Lyle PLC (LON:TATE)
Liberum Capital reissued their buy rating on shares of Tate & Lyle PLC (LON:TATE) in a research note released on Thursday morning. Liberum Capital currently has a GBX 850 ($11.07) target price on the stock.
Several other brokerages also recently commented on TATE. Shore Capital restated a hold rating on shares of Tate & Lyle PLC in a research report on Thursday, May 25th. Deutsche Bank AG restated a buy rating and issued a GBX 875 ($11.40) price objective on shares of Tate & Lyle PLC in a research report on Thursday, April 13th. Numis Securities Ltd downgraded Tate & Lyle PLC to a hold rating and set a GBX 849 ($11.06) price objective on the stock. in a research report on Wednesday, April 12th. Berenberg Bank restated a hold rating and issued a GBX 775 ($10.10) price objective on shares of Tate & Lyle PLC in a research report on Monday, May 15th. Finally, Goldman Sachs Group, Inc. (The) restated a neutral rating and issued a GBX 750 ($9.77) price objective on shares of Tate & Lyle PLC in a research report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 778.23 ($10.14).
Shares of Tate & Lyle PLC (LON:TATE) opened at 672.50 on Thursday. The firm has a 50 day moving average price of GBX 690.03 and a 200 day moving average price of GBX 729.74. The stock’s market cap is GBX 3.11 billion. Tate & Lyle PLC has a 12-month low of GBX 653.50 and a 12-month high of GBX 850.00.
The company also recently announced a dividend, which will be paid on Tuesday, August 1st. Investors of record on Thursday, June 29th will be given a GBX 19.80 ($0.26) dividend. This is an increase from Tate & Lyle PLC’s previous dividend of $8.20. This represents a dividend yield of 2.64%. The ex-dividend date is Thursday, June 29th.
In related news, insider Javed Ahmed sold 85,813 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of GBX 727 ($9.47), for a total value of £623,860.51 ($812,741.68).
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.
Receive News & Ratings for Tate & Lyle PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tate & Lyle PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.