Tate & Lyle (TATE) Trading Down 0%

Tate & Lyle PLC (LON:TATE) shares traded down 0% during mid-day trading on Monday . The stock traded as low as GBX 685.40 ($9.29) and last traded at GBX 689.80 ($9.35). 2,100,000 shares were traded during trading, a decline of 41% from the average session volume of 3,530,000 shares. The stock had previously closed at GBX 689.80 ($9.35).

Several research analysts recently issued reports on the company. Berenberg Bank reaffirmed a “hold” rating and set a GBX 730 ($9.90) target price on shares of Tate & Lyle in a research report on Thursday, November 2nd. Shore Capital Group reaffirmed a “hold” rating on shares of Tate & Lyle in a research report on Thursday, November 2nd. Credit Suisse Group lowered their target price on Tate & Lyle from GBX 780 ($10.58) to GBX 710 ($9.63) and set a “neutral” rating for the company in a research report on Tuesday, October 17th. Liberum Capital reaffirmed a “buy” rating and set a GBX 850 ($11.53) target price on shares of Tate & Lyle in a research report on Monday. Finally, Kepler Capital Markets reaffirmed a “hold” rating and set a GBX 660 ($8.95) target price on shares of Tate & Lyle in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. Tate & Lyle presently has a consensus rating of “Hold” and a consensus price target of GBX 743.36 ($10.08).

The stock has a market capitalization of $3,210.00 and a P/E ratio of 1,301.51.

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

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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.

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