Tate & Lyle (LON:TATE) Rating Reiterated by Deutsche Bank

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Deutsche Bank reissued their hold rating on shares of Tate & Lyle (LON:TATE) in a research note published on Friday, ThisIsMoney.Co.Uk reports.

A number of other research firms have also commented on TATE. Liberum Capital restated a sell rating on shares of Pendragon in a research report on Thursday, June 27th. Goldman Sachs Group set a $27.00 price target on shares of Melco Resorts & Entertainment and gave the company a buy rating in a research report on Tuesday, May 28th. Barclays restated an overweight rating and set a GBX 3,150 ($41.16) price target on shares of in a research report on Wednesday, June 5th. Shore Capital restated a buy rating on shares of Polypipe Group in a research report on Thursday, May 23rd. Finally, Berenberg Bank restated a buy rating and set a GBX 3,050 ($39.85) price target on shares of Cranswick in a research report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of GBX 755.63 ($9.87).

Tate & Lyle stock opened at GBX 749.20 ($9.79) on Friday. Tate & Lyle has a 1-year low of GBX 620 ($8.10) and a 1-year high of GBX 810 ($10.58). The stock has a market cap of $3.51 billion and a price-to-earnings ratio of 19.41. The company has a debt-to-equity ratio of 40.09, a current ratio of 1.61 and a quick ratio of 0.88. The firm has a 50 day simple moving average of GBX 747.10.

The company also recently declared a dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Thursday, June 20th will be given a dividend of GBX 20.80 ($0.27) per share. This is a positive change from Tate & Lyle’s previous dividend of $8.60. This represents a dividend yield of 2.75%. The ex-dividend date of this dividend is Thursday, June 20th. Tate & Lyle’s payout ratio is 0.75%.

In related news, insider Nick Hampton sold 333,000 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of GBX 725 ($9.47), for a total value of £2,414,250 ($3,154,645.24).

Tate & Lyle Company Profile

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.

Read More: What is the Ex-Dividend Date in Investing?

Analyst Recommendations for Tate & Lyle (LON:TATE)

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