Tate & Lyle PLC (LON:TATE) Receives “Hold” Rating from Deutsche Bank AG

Deutsche Bank AG restated their hold rating on shares of Tate & Lyle PLC (LON:TATE) in a research report report published on Friday, November 3rd, MarketBeat.com reports. Deutsche Bank AG currently has a GBX 725 ($9.54) target price on the stock.

Several other equities research analysts also recently commented on TATE. Kepler Capital Markets reaffirmed a hold rating and set a GBX 660 ($8.68) price objective on shares of Tate & Lyle PLC in a research report on Thursday, November 2nd. Credit Suisse Group lowered their price objective on Tate & Lyle PLC from GBX 780 ($10.26) to GBX 710 ($9.34) and set a neutral rating on the stock in a research report on Tuesday, October 17th. Shore Capital reissued a hold rating on shares of Tate & Lyle PLC in a report on Thursday, November 2nd. Liberum Capital reissued a buy rating and issued a GBX 850 ($11.18) price target on shares of Tate & Lyle PLC in a report on Tuesday, October 31st. Finally, Berenberg Bank decreased their price objective on Tate & Lyle PLC from GBX 805 ($10.59) to GBX 730 ($9.60) and set a hold rating on the stock in a report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of GBX 743.36 ($9.78).

Shares of Tate & Lyle PLC (LON:TATE) opened at GBX 693.50 ($9.12) on Friday. Tate & Lyle PLC has a 52 week low of GBX 622 ($8.18) and a 52 week high of GBX 796.50 ($10.48).

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The company also recently disclosed a dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, November 30th will be paid a GBX 8.40 ($0.11) dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a dividend yield of 1.19%.

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.

Analyst Recommendations for Tate & Lyle PLC (LON:TATE)

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