Tate & Lyle plc (LON:TATE - Get Free Report) insider Sarah Kuijlaars purchased 15,000 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was bought at an average cost of GBX 562 ($7.61) per share, for a total transaction of £84,300 ($114,196.69).
Tate & Lyle Trading Down 1.4%
Shares of TATE stock traded down GBX 7.50 ($0.10) during trading hours on Monday, reaching GBX 545.50 ($7.39). The company's stock had a trading volume of 506,527 shares, compared to its average volume of 3,949,402. The stock has a market capitalization of £2.38 billion, a P/E ratio of 11.38, a P/E/G ratio of 1.37 and a beta of 0.50. Tate & Lyle plc has a one year low of GBX 460.40 ($6.24) and a one year high of GBX 848.50 ($11.49). The firm's fifty day simple moving average is GBX 543.84 and its 200 day simple moving average is GBX 601.39. The company has a current ratio of 3.22, a quick ratio of 1.77 and a debt-to-equity ratio of 47.66.
Tate & Lyle (LON:TATE - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The company reported GBX 50.30 ($0.68) earnings per share for the quarter. Tate & Lyle had a return on equity of 15.37% and a net margin of 11.41%. Equities research analysts expect that Tate & Lyle plc will post 51.3392857 EPS for the current year.
Tate & Lyle Increases Dividend
The company also recently declared a dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, April 10th were given a dividend of GBX 10 ($0.14) per share. The ex-dividend date was Thursday, April 10th. This is a positive change from Tate & Lyle's previous dividend of $6.40. This represents a dividend yield of 2.75%. Tate & Lyle's payout ratio is currently 39.63%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on TATE. Citigroup cut their price objective on Tate & Lyle from GBX 725 ($9.82) to GBX 610 ($8.26) and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Berenberg Bank lowered Tate & Lyle to a "hold" rating and cut their price objective for the stock from GBX 900 ($12.19) to GBX 600 ($8.13) in a research report on Tuesday, February 18th.
View Our Latest Analysis on TATE
About Tate & Lyle
(
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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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