Tate & Lyle PLC

Tate & Lyle and its subsidiaries are engaged in providing ingredients and solutions to the food, beverage and other industries. Co. has two segments: Specialty Food Ingredients (SFI) and Bulk Ingredients (BI). The SFI segment develops ingredients and solutions for customers globally for food and drink. Co. focuses on three areas of this market: texturants, sweeteners, and health and wellness. The BI segment provides food ingredients and industrial products primarily for customers in the North American market. The main product lines include: bulk sweeteners, industrial starches, acidulants, and commodities.
  • TickerTATE
  • ISINGB0008754136
  • ExchangeLondon Stock Exchange
  • SectorFood Producers
  • CountryUnited Kingdom

Analysts

TATE & LYLE PLC. is slightly downgraded to Slightly Positive due to an increasingly adverse environment

The independent financial analyst theScreener just slightly lowered the general evaluation of TATE & LYLE PLC. (GB), active in the Food Products industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains unchanged and can be qualified as defensive. However, a marginally less favourable environment forces theScreener to downgrade slightly the title, which now shows an overall rating of Slightly Positive. As of the analysis date September 6, 2019, the closing price was GBp 737.00 and its potential was estimated at GBp 798....

1 director sold

A director at Tate & Lyle sold 44,000 shares at 758p and the significance rating of the trade was 79/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members...

Tate & Lyle plc - March 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

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Tate & Lyle plc - March 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Tate & Lyle plc: Update to credit analysis

Our credit view of Tate & Lyle, reflecting the ongoing improvement in the company's operating performance, leading to increasing flexibility in its rating category.

Tate & Lyle plc - March 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Tate & Lyle plc - September 2017 (LTM): Peer Snapshot

Peer Snapshot:  Tate & Lyle plc - September 2017 (LTM) 22 November 2017 (in US millions) FYE Mar-16 FYE Mar-17 LTM Sep-17 FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Feb-16 FYE Feb-17 LTM Aug-17

Tate & Lyle plc: Update After H1 2017-18 Results

CORPORATES CREDIT OPINION 20 November 2017 Update RATINGS Tate & Lyle plc Domicile United Kingdom Long Term Rating Baa2 Type LT Issuer Rating - Fgn Curr Outlook Stable Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Ernesto Bisagno 4420-7772-5403

Adam Kindreich, CFA

Dropping Coverage of Tate & Lyle

We are no longer providing equity research on the following companies: Chr. Hansen, Tate & Lyle, Kerry Group, Glanbia, Chocoladefabriken Lindt & Spruengli, and Geox. We provide broad coverage of more than 1,400 companies across more than 140 industries and adjust our coverage as necessary based on client demand....

Adam Kindreich, CFA

Tate & Lyle: Upbeat Tone to Third-Quarter Trading Statement

Tate & Lyle, the starch and sweetener ingredients manufacturer, reported an upbeat trading performance in the third quarter ended December 2016. Trends were little changed from the first half, with bulk ingredients doing well, offset by a more challenged speciality business. We maintain our no-moat rating and our GBX 680 fair value estimate, with the shares offering poor value at current levels. Not only has North American bulk sweetener volume remained robust, but the sweetener pricing roun...

Adam Kindreich, CFA

Update on Ingredients Sector Following Earnings Reports

All nine ingredients companies we follow have now reported earnings results. These mostly ranged from in line to disappointing, with only Ingredion's results being (once again) above expectations. In terms of our fair value estimates, four stocks saw no revision (Kerry, Givaudan, International Flavors & Fragrances, Glanbia); only one saw a downgrade (Symrise, by 3%); and four saw significant upgrades (Ingredion by 12%, Christian Hansen by 13%, Tate & Lyle by 15%, and Barry Callebaut by 1...

Adam Kindreich, CFA

Tate & Lyle First-Half Results: Boost From British Pound's Collapse Masks Limp Performance

No moat Tate & Lyle, the U.K.-based starches and sweeteners manufacturer, reported strong sales and earnings growth for the six months to end September, mostly due to the steep depreciation in the British pound bringing about a large translation benefit. This masks a limp performance in the high-margin specialty business whose volumes were again stagnant. These results contrast starkly with peer Ingredion's strong year-to-date performance. Nonetheless, we are significantly revising up our un...

Adam Kindreich, CFA

Upgrading Tate & Lyle Estimates and Valuation on Continuing Sterling Weakness

Given the continuing weakness of the British pound sterling against major currencies such as the euro and the U.S. dollar since the U.K.'s EU referendum in June 2016, we are upgrading our earnings forecasts and fair value estimate for Tate & Lyle. Our new fair value estimate is GPX 590 per share, up 7%, but shares remain overvalued at current levels. Our no-moat and stable moat trend ratings are unchanged. While Tate & Lyle is domiciled in the United Kingdom, the company generates only 1...

1 director sold

A director at Tate & Lyle sold 44,000 shares at 758p and the significance rating of the trade was 79/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members...

TATE & LYLE PLC. is slightly downgraded to Slightly Positive due to an increasingly adverse environment

The independent financial analyst theScreener just slightly lowered the general evaluation of TATE & LYLE PLC. (GB), active in the Food Products industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains unchanged and can be qualified as defensive. However, a marginally less favourable environment forces theScreener to downgrade slightly the title, which now shows an overall rating of Slightly Positive. As of the analysis date September 6, 2019, the closing price was GBp 737.00 and its potential was estimated at GBp 798....

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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MarketLine Department

Tate & Lyle PLC - Strategy, SWOT and Corporate Finance Report

Synopsis Tate & Lyle PLC - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Summary - Detailed information on Tate & Lyle PLC required for business and competitor intelligence needs - A study of the major internal and external factors affecting Tate & Lyle PLC in the form of a SWOT analysis - An in-depth view of the business model of Tate & Lyle PLC including a breakdown and exam...

Expert Corporate Governance Service (ECGS)

Etude l' AG du 27/07/2017

Item 2: Approve the Remuneration Policy. Although structure is weighted more towards rewarding long-term performance, the maximum bonus exceeds guidelines and incentive remuneration is considered excessive.  Furthermore, the pension contribution exceeds guidelines and accelerated vesting is possible in the event of change in control.    Item 15: Re-appoint the auditors. The auditor's tenure exceeds our tenure limit of 10 years.    PwC has served as the external auditor since 1989. 

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