Deutsche Bank AG restated their hold rating on shares of Tate & Lyle PLC (LON:TATE) in a report published on Friday, July 28th. Deutsche Bank AG currently has a GBX 725 ($9.41) price target on the stock.
Several other equities analysts also recently weighed in on TATE. Citigroup Inc. reissued a neutral rating and set a GBX 800 ($10.39) target price on shares of Tate & Lyle PLC in a research report on Tuesday, June 6th. Kepler Capital Markets reaffirmed a reduce rating and issued a GBX 690 ($8.96) price objective on shares of Tate & Lyle PLC in a research report on Tuesday, June 13th. Shore Capital reaffirmed a hold rating on shares of Tate & Lyle PLC in a research report on Thursday, May 25th. Liberum Capital reaffirmed a buy rating and issued a GBX 850 ($11.03) price objective on shares of Tate & Lyle PLC in a research report on Thursday, July 27th. Finally, Numis Securities Ltd raised Tate & Lyle PLC to an add rating and upped their price objective for the company from GBX 849 ($11.02) to GBX 882 ($11.45) in a research report on Monday, June 5th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 778.23 ($10.10).
Shares of Tate & Lyle PLC (LON:TATE) opened at 676.00 on Friday. The stock’s market cap is GBX 3.13 billion. The company has a 50-day moving average price of GBX 675.96 and a 200-day moving average price of GBX 729.90. Tate & Lyle PLC has a 52 week low of GBX 653.50 and a 52 week high of GBX 850.00.
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The firm also recently declared a dividend, which was paid on Tuesday, August 1st. Shareholders of record on Thursday, June 29th were paid a GBX 19.80 ($0.26) dividend. The ex-dividend date was Thursday, June 29th. This is a boost from Tate & Lyle PLC’s previous dividend of $8.20. This represents a yield of 2.64%.
In other Tate & Lyle PLC news, insider Javed Ahmed sold 85,813 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of GBX 727 ($9.44), for a total value of £623,860.51 ($809,892.91).
Tate & Lyle PLC Company Profile
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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