Tate & Lyle’s (TATE) “Neutral” Rating Reiterated at Credit Suisse Group

Credit Suisse Group restated their neutral rating on shares of Tate & Lyle (LON:TATE) in a report issued on Friday morning, ThisIsMoney.Co.Uk reports.

A number of other analysts have also recently weighed in on TATE. Bank of America began 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. 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. Finally, Shore Capital reiterated a hold rating on shares of Tate & Lyle in a research report on Thursday. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Tate & Lyle presently has an average rating of Hold and a consensus target price of GBX 749.38 ($9.79).

Shares of Tate & Lyle stock traded up GBX 4 ($0.05) on Friday, reaching GBX 722.40 ($9.44). 1,471,489 shares of the company were exchanged, compared to its average volume of 2,840,000. The company has a debt-to-equity ratio of 40.09, a quick ratio of 0.88 and a current ratio of 1.61. The company’s 50-day moving average is GBX 696.56 and its two-hundred day moving average is GBX 732.64. The firm has a market cap of $3.36 billion and a price-to-earnings ratio of 18.72. Tate & Lyle has a 1-year low of GBX 655 ($8.56) and a 1-year high of GBX 810 ($10.58).

The firm also recently announced a dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, November 21st will be given a GBX 8.80 ($0.11) dividend. This represents a yield of 1.26%. The ex-dividend date of this dividend is Thursday, November 21st. Tate & Lyle’s dividend payout ratio is currently 0.75%.

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.

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Analyst Recommendations for Tate & Lyle (LON:TATE)

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