Tate & Lyle PLC (LON:TATE) Receives Average Rating of “Hold” from Brokerages

Tate & Lyle PLC (LON:TATE) has earned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 749 ($9.79).

Several research firms have recently commented on TATE. BNP Paribas reissued a “neutral” rating on shares of Tate & Lyle in a research note on Friday, September 6th. Liberum Capital restated a “buy” rating on shares of Tate & Lyle in a report on Thursday, November 7th. Barclays reaffirmed an “overweight” rating on shares of Tate & Lyle in a research report on Wednesday, September 25th. Bank of America began coverage on Tate & Lyle in a research report on Tuesday, September 24th. They set a “neutral” rating and a GBX 790 ($10.32) price target on the stock. Finally, Deutsche Bank restated a “hold” rating on shares of Tate & Lyle in a research note on Friday, November 8th.

Shares of LON:TATE traded down GBX 5.80 ($0.08) during trading on Monday, hitting GBX 707.40 ($9.24). 937,746 shares of the stock were exchanged, compared to its average volume of 2,840,000. Tate & Lyle has a 1-year low of GBX 655 ($8.56) and a 1-year high of GBX 810 ($10.58). The company has a market capitalization of $3.32 billion and a price-to-earnings ratio of 14.44. The company’s fifty day simple moving average is GBX 694.71 and its 200-day simple moving average is GBX 732.17. The company has a debt-to-equity ratio of 57.62, a quick ratio of 1.01 and a current ratio of 1.67.

The company also recently announced a dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, November 21st will be given a dividend of GBX 8.80 ($0.11) per share. The ex-dividend date is Thursday, November 21st. This represents a dividend yield of 1.26%. Tate & Lyle’s dividend payout ratio is currently 0.61%.

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 three segments: Food & Beverage Solutions, Sucralose, and Primary Products.

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Analyst Recommendations for Tate & Lyle (LON:TATE)

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