The Tate & Lyle PLC’s (TATE) Hold Rating Reaffirmed at Berenberg Bank

The Tate & Lyle PLC’s (TATE) Hold Rating Reaffirmed at Berenberg Bank

Several other research analysts also recently commented on the stock. Credit Suisse Group AG reissued a neutral rating and issued a GBX 750 ($9.63) price target on shares of Tate & Lyle PLC in a report on Wednesday, February 8th. Deutsche Bank AG reissued a buy rating and issued a GBX 875 ($11.24) price target on shares of Tate & Lyle PLC in a report on Thursday, April 13th. Goldman Sachs Group Inc set a GBX 745 ($9.57) price target on shares of Tate & Lyle PLC and gave the company a neutral rating in a report on Friday, February 3rd. Jefferies Group LLC reissued a buy rating and issued a GBX 870 ($11.18) price target on shares of Tate & Lyle PLC in a report on Tuesday, February 7th. Finally, BNP Paribas reissued an underperform rating and issued a GBX 590 ($7.58) price target on shares of Tate & Lyle PLC in a report on Monday, March 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of GBX 787 ($10.11).

Berenberg Bank restated their hold rating on shares of Tate & Lyle PLC (LON:TATE) in a research report sent to investors on Monday, May 15th. The firm currently has a GBX 775 ($9.96) target price on the stock.

Shares of Tate & Lyle PLC (LON TATE) opened at 746.00 on Monday. Tate & Lyle PLC has a 1-year low of GBX 603.39 and a 1-year high of GBX 850.00. The firm’s 50-day moving average price is GBX 765.19 and its 200 day moving average price is GBX 726.95. The company’s market capitalization is GBX 3.46 billion. The firm also recently announced a dividend, which will be paid on Tuesday, August 1st. Investors of record on Thursday, June 29th will be given a GBX 19.80 ($0.25) dividend. 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.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:TATE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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