Deutsche Bank AG reissued their hold rating on shares of Tate & Lyle PLC (LON:TATE) in a report released on Friday morning. They currently have a GBX 725 ($9.45) price objective on the stock.
A number of other equities research analysts have also recently commented on the company. Liberum Capital restated a buy rating and set a GBX 850 ($11.07) target price on shares of Tate & Lyle PLC in a research report on Tuesday, June 27th. Shore Capital restated a hold rating on shares of Tate & Lyle PLC in a research report on Thursday, June 15th. Jefferies Group LLC cut Tate & Lyle PLC to a hold rating and dropped their target price for the company from GBX 870 ($11.33) to GBX 800 ($10.42) in a research report on Wednesday, June 7th. Numis Securities Ltd cut Tate & Lyle PLC to a hold rating and set a GBX 849 ($11.06) target price on the stock. in a research report on Wednesday, April 12th. Finally, Berenberg Bank restated a hold rating and set a GBX 775 ($10.10) target price 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 issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 778.23 ($10.14).
Tate & Lyle PLC (LON:TATE) opened at 672.50 on Friday. Tate & Lyle PLC has a 12 month low of GBX 653.50 and a 12 month high of GBX 850.00. The stock 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 capitalization is GBX 3.11 billion.
COPYRIGHT VIOLATION NOTICE: “Deutsche Bank AG Reaffirms Hold Rating for Tate & Lyle PLC (LON:TATE)” was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://stocknewstimes.com/2017/07/31/deutsche-bank-ag-reaffirms-hold-rating-for-tate-lyle-plc-lontate.html.
The firm also recently announced a dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Thursday, June 29th will be paid a GBX 19.80 ($0.26) dividend. This represents a yield of 2.64%. This is a positive change from Tate & Lyle PLC’s previous dividend of $8.20. The ex-dividend date is Thursday, June 29th.
In other Tate & Lyle PLC news, insider Javed Ahmed sold 85,813 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were 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 MarketBeat.com's FREE daily email newsletter.
