Tate & Lyle (LON:TATE) Shares Cross Below 200 Day Moving Average - Should You Sell?

Key Points

• Tate & Lyle's stock price has recently dropped below its 200-day moving average of GBX 558.94, trading down to GBX 537.50.
• Analysts at Deutsche Bank have maintained a "buy" rating" with a price target of GBX 800, while Berenberg Bank raised its target from GBX 600 to GBX 620 with a "hold" rating.
• Insider purchases indicate confidence in the company, with insiders acquiring a total of 33,321 shares in recent transactions.

Tate & Lyle plc (LON:TATE - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 558.94 ($7.47) and traded as low as GBX 537.50 ($7.18). Tate & Lyle shares last traded at GBX 542 ($7.24), with a volume of 2,786,086 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently weighed in on TATE shares. Berenberg Bank upped their price target on shares of Tate & Lyle from GBX 600 ($8.02) to GBX 620 ($8.28) and gave the stock a "hold" rating in a research note on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 800 ($10.69) price target on shares of Tate & Lyle in a research note on Thursday, July 3rd.

Tate & Lyle Stock Performance

The company's 50 day moving average price is GBX 539.82 and its 200 day moving average price is GBX 557.31. 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 company has a market cap of £2.37 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 1.37 and a beta of 0.50.

Tate & Lyle (LON:TATE - Get Free Report) last posted its earnings results on Thursday, May 22nd. The company reported GBX 50.30 ($0.67) earnings per share (EPS) for the quarter. Tate & Lyle had a net margin of 11.41% and a return on equity of 15.37%. Research analysts anticipate that Tate & Lyle plc will post 51.3392857 EPS for the current year.

Insider Activity

In other Tate & Lyle 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 cost of GBX 518 ($6.92) per share, with a total value of £77,700 ($103,807.62). Also, insider Nick Hampton acquired 3,321 shares of Tate & Lyle stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average cost of GBX 542 ($7.24) per share, with a total value of £17,999.82 ($24,047.86). In the last quarter, insiders purchased 33,321 shares of company stock valued at $17,999,982. 2.22% of the stock is owned by corporate 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.