Tate & Lyle (TATE) Earns “Buy” Rating from Liberum Capital

Liberum Capital reaffirmed their buy rating on shares of Tate & Lyle (LON:TATE) in a research note issued to investors on Tuesday. They currently have a GBX 850 ($11.44) price objective on the stock.

TATE has been the subject of a number of other reports. Shore Capital Group restated a hold rating on shares of Tate & Lyle in a research note on Thursday, November 2nd. Jefferies Group upgraded Tate & Lyle to a buy rating and cut their price target for the company from GBX 800 ($10.77) to GBX 750 ($10.09) in a research note on Monday, October 23rd. Shore Capital restated a hold rating on shares of Tate & Lyle in a research note on Thursday, November 2nd. Kepler Capital Markets upgraded Tate & Lyle to a hold rating and cut their price target for the company from GBX 690 ($9.29) to GBX 660 ($8.88) in a research note on Friday, October 27th. Finally, Berenberg Bank restated a hold rating and set a GBX 730 ($9.83) price target on shares of Tate & Lyle in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 743.36 ($10.00).

Tate & Lyle (LON TATE) opened at GBX 695 ($9.35) on Tuesday. The firm has a market capitalization of $3,270.00 and a PE ratio of 1,311.32. Tate & Lyle has a 52-week low of GBX 622 ($8.37) and a 52-week high of GBX 796.50 ($10.72).

The business also recently disclosed a dividend, which will be paid on Friday, January 5th. Investors of record on Thursday, November 30th will be paid 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%.

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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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