Tate & Lyle PLC (TATE) – Investment Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Tate & Lyle PLC (LON: TATE) in the last few weeks:

  • 7/28/2017 – Tate & Lyle PLC had its “hold” rating reaffirmed by analysts at Shore Capital.
  • 7/28/2017 – Tate & Lyle PLC had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a GBX 725 ($9.44) price target on the stock.
  • 7/27/2017 – Tate & Lyle PLC had its “reduce” rating reaffirmed by analysts at Kepler Capital Markets. They now have a GBX 690 ($8.99) price target on the stock.
  • 7/27/2017 – Tate & Lyle PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 850 ($11.07) price target on the stock.
  • 7/11/2017 – Tate & Lyle PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 850 ($11.07) price target on the stock.
  • 7/7/2017 – Tate & Lyle PLC had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a GBX 725 ($9.44) price target on the stock.
  • 6/30/2017 – Tate & Lyle PLC was downgraded by analysts at Deutsche Bank AG to a “hold” rating. They now have a GBX 725 ($9.44) price target on the stock, down previously from GBX 875 ($11.39).
  • 6/27/2017 – Tate & Lyle PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 850 ($11.07) price target on the stock.
  • 6/15/2017 – Tate & Lyle PLC had its “hold” rating reaffirmed by analysts at Shore Capital.
  • 6/13/2017 – Tate & Lyle PLC had its “reduce” rating reaffirmed by analysts at Kepler Capital Markets. They now have a GBX 690 ($8.99) price target on the stock.

Tate & Lyle PLC (TATE) traded up 1.02% during mid-day trading on Wednesday, hitting GBX 696.00. The company had a trading volume of 1,302,646 shares. Tate & Lyle PLC has a 1-year low of GBX 653.50 and a 1-year high of GBX 850.00. The stock’s market capitalization is GBX 3.22 billion. The stock has a 50 day moving average price of GBX 681.04 and a 200-day moving average price of GBX 729.70.

The firm also recently declared a dividend, which was paid on Tuesday, August 1st. Stockholders of record on Thursday, June 29th were given a GBX 19.80 ($0.26) dividend. This represents a dividend yield of 2.64%. The ex-dividend date of this dividend was Thursday, June 29th. This is a boost from Tate & Lyle PLC’s previous dividend of $8.20.

In other news, insider Javed Ahmed sold 85,813 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of GBX 727 ($9.47), for a total value of £623,860.51 ($812,424.16).

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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