Tate & Lyle (TATE) Earns Hold Rating from Shore Capital

Shore Capital reiterated their hold rating on shares of Tate & Lyle (LON:TATE) in a research report released on Tuesday.

Other analysts have also recently issued reports about the company. Liberum Capital reaffirmed a buy rating and set a GBX 850 ($11.53) price objective on shares of Tate & Lyle in a report on Monday, January 8th. Shore Capital Group reaffirmed a hold rating on shares of Tate & Lyle in a report on Thursday, November 2nd. Berenberg Bank reaffirmed a hold rating and set a GBX 730 ($9.90) price objective on shares of Tate & Lyle in a report on Thursday, November 2nd. Credit Suisse Group reaffirmed a neutral rating and set a GBX 710 ($9.63) price objective on shares of Tate & Lyle in a report on Friday, November 3rd. Finally, Deutsche Bank reaffirmed a hold rating and set a GBX 725 ($9.83) price objective on shares of Tate & Lyle in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 743.36 ($10.08).

Shares of Tate & Lyle (LON TATE) traded up GBX 0.60 ($0.01) during trading hours on Tuesday, hitting GBX 671.80 ($9.11). The company had a trading volume of 1,689,246 shares, compared to its average volume of 1,920,000. Tate & Lyle has a 52 week low of GBX 622 ($8.44) and a 52 week high of GBX 796.50 ($10.80). The company has a market cap of $3,130.00 and a P/E ratio of 1,267.55.

The firm also recently disclosed a dividend, which was paid on Friday, January 5th. Shareholders of record on Thursday, November 30th were given a GBX 8.40 ($0.11) dividend. This represents a yield of 1.19%. The ex-dividend date of this dividend was 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.

Analyst Recommendations for Tate & Lyle (LON:TATE)

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