Tate & Lyle plc (LON:TATE) was down 0% during trading on Friday . The stock traded as low as GBX 698 ($9.18) and last traded at GBX 683.50 ($8.99). Approximately 1,792,470 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 2,860,000 shares. The stock had previously closed at GBX 683.50 ($8.99).
Several equities research analysts recently commented on TATE shares. Shore Capital reissued a “hold” rating on shares of Tate & Lyle plc in a research note on Friday, July 28th. Liberum Capital reissued a “buy” rating and issued a GBX 850 ($11.18) price target on shares of Tate & Lyle plc in a research note on Thursday, July 27th. Berenberg Bank reissued a “hold” rating and issued a GBX 730 ($9.60) price target on shares of Tate & Lyle plc in a research note on Thursday, November 2nd. Deutsche Bank AG reissued a “hold” rating and issued a GBX 725 ($9.54) price target on shares of Tate & Lyle plc in a research note on Friday, July 28th. Finally, Credit Suisse Group lowered their price target on Tate & Lyle plc from GBX 780 ($10.26) to GBX 710 ($9.34) and set a “neutral” rating for the company in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 743.36 ($9.78).
The firm also recently declared a dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, November 30th will be issued a dividend of GBX 8.40 ($0.11) per share. The ex-dividend date is Thursday, November 30th. This represents a dividend yield of 1.19%.
About Tate & Lyle plc
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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