Shares of Tate & Lyle plc (LON:TATE - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 443.46 and traded as high as GBX 555. Tate & Lyle shares last traded at GBX 553, with a volume of 2,149,734 shares trading hands.
Analyst Ratings Changes
A number of research firms have recently commented on TATE. UBS Group reiterated a "neutral" rating and issued a GBX 375 price objective on shares of Tate & Lyle in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a GBX 595 target price on shares of Tate & Lyle in a research note on Friday, June 26th. Finally, Berenberg Bank raised their target price on Tate & Lyle from GBX 464 to GBX 554 and gave the company a "hold" rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of GBX 516.
View Our Latest Stock Report on Tate & Lyle
Tate & Lyle Trading Down 0.2%
The company has a quick ratio of 1.77, a current ratio of 2.71 and a debt-to-equity ratio of 80.98. The firm has a market capitalization of £2.45 billion, a price-to-earnings ratio of 25.48, a P/E/G ratio of 1.37 and a beta of 0.34. The business has a 50-day moving average of GBX 551.79 and a two-hundred day moving average of GBX 443.46.
Tate & Lyle (LON:TATE - Get Free Report) last issued its earnings results on Thursday, May 21st. The company reported GBX 22 earnings per share for the quarter. Tate & Lyle had a net margin of 4.84% and a return on equity of 6.17%. The business had revenue of GBX 200.60 billion for the quarter. Research analysts predict that Tate & Lyle plc will post 51.3392857 EPS for the current fiscal year.
Tate & Lyle Company Profile
(
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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. The company offers dairy products, soups, sauces, and dressings; bakery products and snacks; texturants; nutritive sweeteners, such as high fructose corn syrup and dextrose; fibres; and stabilizers and functional systems.
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