Tate & Lyle (LON:TATE) Shares Pass Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Tate & Lyle's shares have fallen below their 200-day moving average, which is set at GBX 554.51 ($7.37), trading as low as GBX 526 ($6.99).
• Analysts have mixed outlooks, with Berenberg Bank raising its price target to GBX 620 ($8.24) while Deutsche Bank maintains a buy rating with a target of GBX 800 ($10.63).
• Insider transactions include significant purchases, with insiders acquiring 33,321 shares over the past 90 days, indicating confidence in the company’s future.

Tate & Lyle plc (LON:TATE - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 554.51 ($7.46) and traded as low as GBX 526 ($7.07). Tate & Lyle shares last traded at GBX 534 ($7.18), with a volume of 1,396,864 shares.

Analysts Set New Price Targets

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 800 ($10.76) target price on shares of Tate & Lyle in a research note on Thursday, July 3rd. Berenberg Bank raised their price objective on shares of Tate & Lyle from GBX 600 ($8.07) to GBX 620 ($8.34) and gave the stock a "hold" rating in a research report on Wednesday, July 9th.

Tate & Lyle Trading Up 1.3%

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 firm has a 50 day simple moving average of GBX 535.11 and a two-hundred day simple moving average of GBX 551.87. The firm has a market capitalization of £2.37 billion, a P/E ratio of 11.34, a PEG ratio of 1.37 and a beta of 0.50.

Tate & Lyle (LON:TATE - Get Free Report) last announced 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%. Equities research analysts forecast that Tate & Lyle plc will post 51.3392857 earnings per share for the current year.

Insider Buying and Selling at Tate & Lyle

In other Tate & Lyle news, insider Sarah Kuijlaars bought 15,000 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was purchased at an average cost of GBX 518 ($6.97) per share, with a total value of £77,700 ($104,505.72). Also, insider Nick Hampton acquired 3,321 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average cost of GBX 542 ($7.29) per share, with a total value of £17,999.82 ($24,209.58). Over the last ninety days, insiders have bought 33,321 shares of company stock valued at $17,999,982. Insiders own 2.22% 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.