Tate & Lyle (TATE) Trading 0% Higher
Tate & Lyle PLC (LON:TATE) traded up 0% during mid-day trading on Friday . The stock traded as high as GBX 701.80 ($9.38) and last traded at GBX 699.60 ($9.35). 2,420,000 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 3,510,000 shares. The stock had previously closed at GBX 699.60 ($9.35).
Several equities research analysts recently weighed in on the stock. Shore Capital Group reiterated a “hold” rating on shares of Tate & Lyle in a research note on Thursday, November 2nd. Berenberg Bank reiterated a “hold” rating and issued a GBX 730 ($9.76) target price on shares of Tate & Lyle in a research note on Thursday, November 2nd. Deutsche Bank reiterated a “hold” rating and issued a GBX 725 ($9.69) target price on shares of Tate & Lyle in a research note on Friday, November 3rd. Shore Capital reiterated a “hold” rating on shares of Tate & Lyle in a research note on Thursday, November 2nd. Finally, Kepler Capital Markets reiterated a “hold” rating and issued a GBX 660 ($8.82) target price on shares of Tate & Lyle in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 743.36 ($9.94).
The stock has a market capitalization of $3,260.00 and a P/E ratio of 1,320.00.
The company also recently announced a dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, November 30th will be paid a GBX 8.40 ($0.11) dividend. This represents a dividend yield of 1.19%. The ex-dividend date is Thursday, November 30th.
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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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