Tate & Lyle (TATE) Shares Down 0%
Shares of Tate & Lyle PLC (LON:TATE) were down 0% during mid-day trading on Wednesday . The company traded as low as GBX 680.20 ($9.22) and last traded at GBX 681.80 ($9.25). Approximately 2,700,000 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 2,010,000 shares. The stock had previously closed at GBX 681.80 ($9.25).
A number of analysts recently issued reports on TATE shares. Jefferies Group raised Tate & Lyle to a “buy” rating and decreased their target price for the company from GBX 800 ($10.85) to GBX 750 ($10.17) in a research report on Monday, October 23rd. Deutsche Bank reissued a “hold” rating and issued a GBX 725 ($9.83) target price on shares of Tate & Lyle in a research report on Friday, November 3rd. Liberum Capital reissued a “buy” rating and issued a GBX 850 ($11.53) target price on shares of Tate & Lyle in a research report on Tuesday, December 19th. Credit Suisse Group reissued a “neutral” rating and issued a GBX 710 ($9.63) target price on shares of Tate & Lyle in a research report on Friday, November 3rd. Finally, Berenberg Bank decreased their target price on 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. One equities 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 company has a consensus rating of “Hold” and an average price target of GBX 743.36 ($10.08).
The firm has a market capitalization of $3,180.00 and a PE ratio of 1,286.42.
The business also recently disclosed a dividend, which was paid on Friday, January 5th. Shareholders of record on Thursday, November 30th were given a dividend of GBX 8.40 ($0.11) per share. The ex-dividend date was Thursday, November 30th. This represents a yield of 1.19%.
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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