Tate & Lyle (TATE) PT Raised to GBX 675

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Tate & Lyle (LON:TATE) had its price target raised by Deutsche Bank from GBX 650 ($8.49) to GBX 675 ($8.82) in a research note published on Friday morning. Deutsche Bank currently has a hold rating on the stock.

A number of other equities analysts have also issued reports on TATE. Liberum Capital reissued a buy rating and set a GBX 900 ($11.76) price target on shares of Tate & Lyle in a report on Tuesday, August 28th. Societe Generale set a GBX 750 ($9.80) price target on Tate & Lyle and gave the stock a buy rating in a report on Monday, July 16th. Jefferies Financial Group raised their price target on Tate & Lyle from GBX 700 ($9.15) to GBX 725 ($9.47) and gave the stock a hold rating in a report on Monday, October 29th. Credit Suisse Group set a GBX 700 ($9.15) price target on Tate & Lyle and gave the stock a neutral rating in a report on Wednesday, September 19th. Finally, Citigroup reissued a neutral rating on shares of Tate & Lyle in a report on Monday, September 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of GBX 699.57 ($9.14).

Shares of TATE stock traded up GBX 10 ($0.13) during mid-day trading on Friday, hitting GBX 702.60 ($9.18). 3,418,507 shares of the stock were exchanged, compared to its average volume of 2,840,000. Tate & Lyle has a 12-month low of GBX 539.40 ($7.05) and a 12-month high of GBX 796.50 ($10.41).

The company also recently disclosed a dividend, which will be paid on Friday, January 4th. Investors of record on Thursday, November 22nd will be given a GBX 8.60 ($0.11) dividend. The ex-dividend date of this dividend is Thursday, November 22nd. This represents a yield of 1.25%.

Tate & Lyle Company Profile

Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through two segments, Speciality Food Ingredients and Bulk Ingredients.

See Also: Cost of Capital Explained

Analyst Recommendations for Tate & Lyle (LON:TATE)

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