Tate & Lyle plc (LON:TATE - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 535.64 ($7.22) and traded as low as GBX 502.50 ($6.77). Tate & Lyle shares last traded at GBX 503.84 ($6.79), with a volume of 1,901,424 shares.
Wall Street Analyst Weigh In
TATE has been the topic of a number of recent analyst reports. Berenberg Bank boosted their target price on Tate & Lyle from GBX 600 to GBX 620 and gave the stock a "hold" rating in a report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 800 target price on shares of Tate & Lyle in a report on Thursday, July 3rd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of GBX 676.67.
Read Our Latest Stock Report on TATE
Tate & Lyle Trading Down 0.3%
The business has a 50-day moving average price of GBX 528.60 and a two-hundred day moving average price of GBX 535.18. The stock has a market capitalization of £2.24 billion, a P/E ratio of 1,468.62, a P/E/G ratio of 1.37 and a beta of 0.50. The company has a current ratio of 3.22, a quick ratio of 1.77 and a debt-to-equity ratio of 47.66.
Insider Buying and Selling at Tate & Lyle
In related news, insider Sarah Kuijlaars bought 15,000 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was purchased at an average cost of GBX 518 per share, for a total transaction of £77,700. Insiders own 1.65% of the company's stock.
About Tate & Lyle
(
Get Free Report)
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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