Tate & Lyle PLC (LON:TATE) announced a dividend on Thursday, November 7th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, November 21st will be given a dividend of GBX 8.80 ($0.11) per share on Friday, January 3rd. This represents a yield of 1.26%. The ex-dividend date is Thursday, November 21st. The official announcement can be accessed at this link.
LON TATE opened at GBX 718.40 ($9.39) on Friday. The firm’s 50-day simple moving average is GBX 696.56 and its two-hundred day simple moving average is GBX 732.64. Tate & Lyle has a 52 week low of GBX 655 ($8.56) and a 52 week high of GBX 810 ($10.58). The company has a market cap of $3.37 billion and a PE ratio of 18.61. The company has a quick ratio of 0.88, a current ratio of 1.61 and a debt-to-equity ratio of 40.09.
TATE has been the topic of several analyst reports. BNP Paribas reiterated a “neutral” rating on shares of Tate & Lyle in a research report on Friday, September 6th. Liberum Capital reiterated a “buy” rating on shares of Tate & Lyle in a research report on Thursday. Bank of America initiated coverage on Tate & Lyle in a research report on Tuesday, September 24th. They set a “neutral” rating and a GBX 790 ($10.32) price target on the stock. Deutsche Bank reiterated a “hold” rating on shares of Tate & Lyle in a research report on Friday. Finally, Kepler Capital Markets upgraded Tate & Lyle to a “hold” rating and upped their price target for the company from GBX 635 ($8.30) to GBX 720 ($9.41) in a research report on Friday. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 738.13 ($9.64).
Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through three segments: Food & Beverage Solutions, Sucralose, and Primary Products.
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