Tate & Lyle PLC (TATE) Given “Hold” Rating at Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Tate & Lyle PLC (LON:TATE) in a research note published on Monday, May 15th. The brokerage currently has a GBX 775 ($9.80) price objective on the stock.

Several other equities analysts also recently weighed in on the stock. Deutsche Bank AG reissued a buy rating and issued a GBX 875 ($11.07) price target on shares of Tate & Lyle PLC in a research note on Thursday, April 13th. Numis Securities Ltd downgraded shares of Tate & Lyle PLC to a hold rating and set a GBX 849 ($10.74) price target on the stock. in a research note on Wednesday, April 12th. Liberum Capital reissued a buy rating and issued a GBX 810 ($10.25) price target on shares of Tate & Lyle PLC in a research note on Wednesday, March 29th. BNP Paribas reissued an underperform rating and issued a GBX 590 ($7.46) price target on shares of Tate & Lyle PLC in a research note on Monday, March 20th. Finally, J P Morgan Chase & Co raised their price target on shares of Tate & Lyle PLC from GBX 710 ($8.98) to GBX 730 ($9.23) and gave the stock a neutral rating in a research note on Friday, February 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 777.25 ($9.83).

Shares of Tate & Lyle PLC (LON TATE) traded up 2.15% during trading on Monday, reaching GBX 735.00. The company’s stock had a trading volume of 3,764,707 shares. Tate & Lyle PLC has a one year low of GBX 603.39 and a one year high of GBX 850.00. The company’s market capitalization is GBX 3.41 billion. The firm’s 50-day moving average price is GBX 755.32 and its 200-day moving average price is GBX 730.65.

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The company also recently declared a dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Thursday, June 29th will be issued a dividend of GBX 19.80 ($0.25) per share. This represents a yield of 2.64%. The ex-dividend date of this dividend is Thursday, June 29th. This is a boost from Tate & Lyle PLC’s previous dividend of $8.20.

In other Tate & Lyle PLC news, insider Javed Ahmed sold 85,813 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of GBX 727 ($9.20), for a total transaction of £623,860.51 ($789,197.36).

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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