Tate & Lyle (TATE)

Sector:

Food

Index:

FTSE 250

750.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 807.00
  • 52 Week Low: 591.00
  • Currency: UK Pounds
  • Shares Issued: 379.87m
  • Volume: 1,190,045
  • Market Cap: £2,849.04m
  • RiskGrade: 93

Barclays resumes coverage of Tate & Lyle at 'overweight'

By Michele Maatouk

Date: Thursday 27 Jan 2022

LONDON (ShareCast) - (Sharecast News) - Barclays resumed its 'overweight' coverage on Tate & Lyle on Thursday with a 930p price target as it pointed to a "new era" with significant total shareholder return potential.
The bank said Tate's announcement confirming the separation and sale of its Primary Products assets in July 2021 didn't prove to be an immediate positive catalyst.

"However, as the deal nears completion we think the market has better digested its complexity as well as the initial sticker shock from earnings dilution (which balance sheet firepower can diminish) so is now able to focus on the opportunity that lies ahead," it said.

"There have been false dawns on Tate's journey from commodity processor to value-added solution provider, but this transformative deal represents a repositioning that fundamentally increases the structural growth opportunity for Tate's portfolio of ingredient solutions.

"With a highly credible ExCo and board, we believe Tate is entering a new era that could provide significant TSR opportunity from both growth and re-rating."

At 1430 GMT, the shares were up 2.4% at 731.80p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Tate & Lyle Market Data

Currency UK Pounds
Share Price 750.00p
Change Today -4.00p
% Change -0.53 %
52 Week High 807.00
52 Week Low 591.00
Volume 1,190,045
Shares Issued 379.87m
Market Cap £2,849.04m
RiskGrade 93

Tate & Lyle Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
64.12% below the market average64.12% below the market average64.12% below the market average64.12% below the market average64.12% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Price Trend
57.34% above the market average57.34% above the market average57.34% above the market average57.34% above the market average57.34% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Income
4.15% below the market average4.15% below the market average4.15% below the market average4.15% below the market average4.15% below the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average
Growth
65.81% above the market average65.81% above the market average65.81% above the market average65.81% above the market average65.81% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Tate & Lyle Dividends

  Latest Previous
  Final Interim
Ex-Div 20-Jun-24 23-Nov-23
Paid 02-Aug-24 05-Jan-24
Amount 12.90p 6.20p

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 1,350 @ 750.00p
16:35 68 @ 750.00p
16:35 34 @ 750.00p
16:35 1,568 @ 750.00p
16:35 40 @ 750.00p

Tate & Lyle Key Personnel

CEO Nick Hampton
Chair David Hearn
CFO Sarah Kuijlaars

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