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

Key Points

• Tate & Lyle plc has hit a new 52-week low, trading at GBX 364.40, with significant trading volume of over 6.8 million shares.
• Equity analysts have revised price targets, with Citigroup lowering theirs from GBX 670 to GBX 540, indicating a "buy" rating, while Deutsche Bank reduced their target from GBX 800 to GBX 460.
• Insider activity is notable, with executives purchasing a total of 56,000 shares over the last three months, suggesting confidence in the company's future performance.

Tate & Lyle plc (LON:TATE - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 364.40 ($4.91) and last traded at GBX 370.77 ($5.00), with a volume of 6811848 shares traded. The stock had previously closed at GBX 365 ($4.92).

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TATE shares. Citigroup decreased their price objective on shares of Tate & Lyle from GBX 670 to GBX 540 and set a "buy" rating for the company in a report on Thursday, October 2nd. Berenberg Bank upped their price objective on shares of Tate & Lyle from GBX 600 to GBX 620 and gave the company a "hold" rating in a research report on Wednesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Tate & Lyle from GBX 800 to GBX 460 and set a "buy" rating for the company in a research report on Thursday, October 2nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 540.

Tate & Lyle Price Performance

The company has a debt-to-equity ratio of 47.66, a current ratio of 3.22 and a quick ratio of 1.77. The company's 50 day moving average price is GBX 506.26 and its 200 day moving average price is GBX 527.60. The firm has a market capitalization of £1.62 billion, a P/E ratio of 1,063.19, a PEG ratio of 1.37 and a beta of 0.50.

Insider Activity

In other Tate & Lyle news, insider Nick Hampton acquired 25,000 shares of Tate & Lyle stock in a transaction on Friday, October 3rd. The shares were purchased at an average cost of GBX 369 per share, with a total value of £92,250. Also, insider Steve Foots acquired 16,000 shares of Tate & Lyle stock in a transaction on Monday, October 6th. The stock was acquired at an average cost of GBX 370 per share, for a total transaction of £59,200. Insiders have purchased 56,000 shares of company stock valued at $22,915,000 over the last three months. 1.65% of the stock is owned by insiders.

Tate & Lyle Company Profile

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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