Share Name Share Symbol Market Type Share ISIN Share Description
Tate & Lyle Plc LSE:TATE London Ordinary Share GB0008754136 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.60 -0.08% 785.20 1,326,806 16:35:19
Bid Price Offer Price High Price Low Price Open Price
787.20 787.60 792.40 783.80 790.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 2,882.00 296.00 52.80 14.9 3,678
Last Trade Time Trade Type Trade Size Trade Price Currency
17:51:06 O 4,410 786.768 GBX

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Date Time Title Posts
29/3/202109:54Tate and Lyle Graph's and Charts3,527
22/5/201913:29Tate & Lyle FY Preview 23.05.19-
03/7/201409:18Darren Sinden bullish on Tate & Lyle PLC live on TipTV-
10/9/201305:52TATE sweet & sour103

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Tate & Lyle Daily Update: Tate & Lyle Plc is listed in the Food Producers sector of the London Stock Exchange with ticker TATE. The last closing price for Tate & Lyle was 785.80p.
Tate & Lyle Plc has a 4 week average price of 740.60p and a 12 week average price of 656.40p.
The 1 year high share price is 792.40p while the 1 year low share price is currently 587.20p.
There are currently 468,420,864 shares in issue and the average daily traded volume is 1,030,389 shares. The market capitalisation of Tate & Lyle Plc is £3,678,040,624.13.
wad collector: From Motley Fool FWIW I like Tate & Lyle because it offers all-round value. The food ingredients manufacturer trades on an undemanding forward price-to-earnings (P/E) ratio of around 14 times. This is based on City expectations that annual earnings will rise fractionally in the current financial year (to March 2021). It sports a chubby 4.2% dividend yield too. I think this UK share’s essential products make the company a great defensive buy in these troubled economic times. That’s not to say that the Covid-19 crisis doesn’t present some risk, however. Further lockdowns could continue to damage the revenues at Tate & Lyle generates from restaurants.
cfro: New CFO: Nick Hampton, Chief Executive said: "I am delighted to welcome Vivid to Tate & Lyle and the executive team. He brings with him a proven track record of financial leadership as well as extensive commercial and transactional experience. I very much look forward to working with him as we continue to progress Tate & Lyle's growth agenda."
tornado12: Been here for quite a while and Tate impress me with there excellent product line which is sustainable even with Covid. The divi resilience is my interest and 4,5% is good considering the climate and expectations for next 2-3 yrs. Will look to purchase more on share price weakness
philanderer: Sums it up... Tate shares ‘frustrating’, says Jefferies Sugar manufacturer Tate & Lyle (TATE) is ‘back in the doldrums’ and Jefferies is frustrated by the lack of reward from the shares. Analyst Martin Deboo retained his ‘buy’ recommendation and target price of 770p on the shares, which were trading at 607.8p yesterday. ‘Tate is back in the doldrums ahead of the first half [results on] 5 November, despite a rapid rebound from the April volume trough, supportive newsflow from soft drinks and ethanol, and an undemanding valuation,’ he said. Deboo said there was ‘frustration that the shares haven’t been more rewarding’ and he would like to see the group ‘uncorking a bit of catalytic gunpowder [in the results] on what will be Guy Fawkes morning, perhaps in the form of a return to guidance’. HTTPS:// 1604072571-1384077731.1604072571#i=4
philanderer: Analysts at Berenberg slightly raised their target price on 'hold' rated food ingredients manufacturer Tate & Lyle on Monday, stating the group's first-quarter update was "sweeter than expected". Berenberg upped their target price on Tate & Lyle's stock from 665p to 695p after having cut its 2021 forecasts for the group by over 20% since March. Although volumes in T&L's food and beverage solutions unit declined 2%, broadly in line with its forecast for a 1% decline, volumes in the primary products division declined just 12% - much better than its expectations of a 20% drop. Overall, group revenues decreased 5%, helped by positive price/mix. The German bank said recent results had shown the progress Tate had made in important areas like product mix and productivity measures but the analysts highlighted that as with peers, where Tate's 2021 full-year earnings ultimately land will depend on the timing of lockdowns and subsequent easing measures. However, Berenberg noted that Covid-19 had again highlighted several vulnerabilities of Tate's business model - high exposure to out-of-home consumption, high fixed costs and lingering exposure to commodities like ethanol. But on the more positive side, Berenberg said Tate's liquidity position was "strong" and noted that the group was now trading on 14x calendar 2021 price-to-earnings ratio - a 30% discount to global staples - broadly in line with its 25% average discount for the past five years. HTTPS://
essentialinvestor: * marked recent underperformance re the sector - that should have read on Unilever. Back on TATE, that statement looks very strong to me. They have significant indirect exposure to the casual dine out market, particularly in the US. Prices for co-products will surely have been impacted?. Net debt down yet again. What looks interesting longer term is the market for their food solutions business is growing apace - 'clean labels', reduced sugar, reduced calorie, added fibre, focus on taste etc. Added a small amount and tbh if it was not for wider market volatility I would add a larger amount. As we know the TATE share price can sell off for no good reason, so perhaps best looked at on a bad day
essentialinvestor: spoole, for TATE this is a very regular occurrence. Look at a 5 year chart, the share price has moved £1 plus multiple times over the past 5 years. TATE has significant exposure to the US food market and that includes casual dining etc. It's not a coincidence the share price has come back as US COVID cases have surged imv.
essentialinvestor: Added a small amount. The TATE share price can be volatile as we all are aware.
philanderer: Liberum note: Earlier this week, the FT Alphaville blog cited unconfirmed market chat that Tate was subject to a potential takeover by private French food and industrial ingredients group Roquette Freres. According to the FT Alphaville blog “formal contact” was made and that provisional financing is in place. We subsequently heard further market speculation that a potential bid could come in the arena of 900p per share. We note that this is all entirely market speculation and that no formal offer has been submitted that we are aware of. Roquette is a leading global player in plant-based ingredients and new vegetable proteins. The group addresses provides ingredients for Food, Nutrition and Health markets and has around €3.3bn (£2.8bn) in annualized revenue and 20 plants around the world. We estimate that the company will deliver revenues of £2.8bn in FY’19 (March fye), adjusted EBITDA of £451m and pre-tax profits of £242m. Therefore, in our view, if a deal does ultimately materialize it may end up being more a merger of equals. As part of that commitment, the company is announcing a series of measures to continue to underpin long-term-value creation: On 26th April Archer Daniels Midland announced a major restructuring plan that will repurpose its corn wet mill in Marshall, Minnesota, to produce higher volumes of food and industrial-grade starches as well as liquid feedstocks for food and industrial uses. This change will phase out production of high-fructose corn syrup at that facility as soon as committed deliveries are complete which should further reduce volumes and support HFCS pricing in the market. The group also intends to create an ethanol subsidiary which it may spin off to shareholders. ADM appears to be focused on creating a group more focused on value-add food, beverage and industrial ingredients similar to Tate & Lyle. Tate’s clear focus on lifting returns, cash flow and margins, especially in Food & Beverage Solutions is paying off. Food & Beverage Solutions volumes are now growing nicely, particularly in North America as Tate takes share. We expect Tate will show solid group and Food & Beverage Solutions EBIT margin expansion over FY19-20E driven by the group's 2020 ambitions. In our view, the market underestimates the scope of Tate's margin potential, which could drive strong upside risk to both earnings and the share price. Our benchmarking analysis with closest peer Ingredion suggests strong potential share price upside if Tate can approach Ingredion’s margin levels in speciality ingredients. We reiterate our BUY rating and 900p target price. Valuation remains attractive – Tate & Lyle trades on a cal’19E EV/EBITDA of 8.8x, an 8% premium to US peer Ingredion. On P/E basis, Tate trades on a cal’19E P/E of 14.5x. We expect Tate will continue to pay a progressive dividend and forecast another 2.5% rise to 29.4p in FY’19E, implying an attractive 4.4% cal’19E dividend yield. Reiterate BUY and 900p TP.
Tate & Lyle share price data is direct from the London Stock Exchange
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