Tate & Lyle (LON:TATE) Hits New 1-Year Low - Should You Sell?

Key Points

• Tate & Lyle shares have hit a new 52-week low, trading at GBX 458 ($6.16), raising questions about whether investors should sell.
• Analysts maintain a consensus rating of "Hold" on the stock, with a price target averaging GBX 676.67, despite Deutsche Bank setting a "buy" rating with a target of GBX 800.
• Insider Sarah Kuijlaars purchased 15,000 shares at an average price of GBX 518, indicating confidence from within the company amid declining stock performance.

Tate & Lyle plc (LON:TATE - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 458 ($6.16) and last traded at GBX 462 ($6.21), with a volume of 3015376 shares trading hands. The stock had previously closed at GBX 462.20 ($6.22).

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 800 price target on shares of Tate & Lyle in a research note on Thursday, July 3rd. Berenberg Bank raised their target price on Tate & Lyle from GBX 600 to GBX 620 and gave the stock a "hold" rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Tate & Lyle has a consensus rating of "Hold" and an average price target of GBX 676.67.

Tate & Lyle Price Performance

The company has a debt-to-equity ratio of 47.66, a quick ratio of 1.77 and a current ratio of 3.22. The business has a 50 day moving average price of GBX 525.45 and a 200-day moving average price of GBX 534.02. The company has a market capitalization of £2.03 billion, a price-to-earnings ratio of 1,333.33, a P/E/G ratio of 1.37 and a beta of 0.50.

Insider Activity

In related news, insider Sarah Kuijlaars acquired 15,000 shares of Tate & Lyle stock in a transaction dated Tuesday, July 15th. The stock was bought at an average price of GBX 518 per share, with a total value of £77,700. Insiders own 1.65% of the company's stock.

About Tate & Lyle

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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