Tate & Lyle (LON:TATE) Stock Passes Below 200 Day Moving Average - What's Next?

Tate & Lyle plc (LON:TATE - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 563.87 ($7.57) and traded as low as GBX 511.50 ($6.87). Tate & Lyle shares last traded at GBX 520 ($6.98), with a volume of 1,000,889 shares trading hands.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Berenberg Bank lifted their price objective on shares of Tate & Lyle from GBX 600 ($8.05) to GBX 620 ($8.32) and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 800 ($10.74) target price on shares of Tate & Lyle in a research report on Thursday, July 3rd.

Tate & Lyle Stock Up 0.9%

The stock has a market capitalization of £2.28 billion, a P/E ratio of 10.94, a price-to-earnings-growth ratio of 1.37 and a beta of 0.50. 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 firm has a 50 day moving average of GBX 545.61 and a 200-day moving average of GBX 563.

Tate & Lyle (LON:TATE - Get Free Report) last issued its earnings results on Thursday, May 22nd. The company reported GBX 50.30 ($0.68) earnings per share (EPS) for the quarter. Tate & Lyle had a return on equity of 15.37% and a net margin of 11.41%. On average, equities research analysts expect that Tate & Lyle plc will post 51.3392857 earnings per share for the current fiscal year.

Insider Transactions at Tate & Lyle

In other news, insider Nick Hampton acquired 3,321 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average cost of GBX 542 ($7.28) per share, for a total transaction of £17,999.82 ($24,160.83). Also, insider Sarah Kuijlaars purchased 15,000 shares of the stock in a transaction dated Tuesday, July 15th. The shares were acquired at an average price of GBX 518 ($6.95) per share, with a total value of £77,700 ($104,295.30). Over the last ninety days, insiders acquired 33,321 shares of company stock valued at $17,999,982. Insiders own 2.22% of the company's stock.

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.