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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Tate & Lyle PLC    TATE   GB0008754136

TATE & LYLE PLC

(TATE)
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UK's Tate & Lyle to hike prices of some products in North America

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09/06/2019 | 09:44am EDT
FILE PHOTO: The logo of Tate & Lyle compagny is seen on their European Innovation Centre in Villeneuve d'Ascq

(Reuters) - British food ingredients maker Tate & Lyle Plc said https://www.tateandlyle.com/news/tate-lyle-announces-price-increases-its-food-beverage-solutions-products-north-america on Friday it would increase price at its food and beverage unit in North America from Oct.1, blaming a rise in production costs.

The company, which traces its roots back to a sugar business in 1859, said it would raise the prices of its speciality food starches, fibres, speciality and high intensity sweeteners among others by 12%.

Tate & Lyle in May forecast broadly flat to low-single digit growth in earnings per share for 2020, with progress limited by lower profit from sucralose products and market challenges in primary products consisting of high-volume sweeteners, industrial starches and fermentation products.

(Reporting by Indranil Sarkar in Bengaluru; Editing by Arun Koyyur)

Stocks mentioned in the article
ChangeLast1st jan.
LONDON SUGAR 2.30% 316 End-of-day quote.-5.39%
TATE & LYLE PLC -0.80% 745.2 Delayed Quote.12.91%
V V FOOD & BEVERAGE CO LTD 0.61% 3.32 End-of-day quote.17.73%
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Financials (GBP)
Sales 2020 2 868 M
EBIT 2020 317 M
Net income 2020 225 M
Debt 2020 449 M
Yield 2020 4,06%
P/E ratio 2020 15,3x
P/E ratio 2021 14,5x
EV / Sales2020 1,37x
EV / Sales2021 1,33x
Capitalization 3 471 M
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Mean consensus HOLD
Number of Analysts 10
Average target price 763,33  GBp
Last Close Price 745,20  GBp
Spread / Highest target 20,8%
Spread / Average Target 2,43%
Spread / Lowest Target -14,8%
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Managers
NameTitle
Anthony Nicholas Seymour Hampton Chief Executive Officer & Director
Gerard Martin Murphy Chairman
Melissa Law President-Global Operations
Imran Nawaz Chief Financial Officer & Director
Douglas Malcolm Hurt Senior Independent Director
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