Tate & Lyle plc (LON:TATE - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 452.94 and traded as high as GBX 554. Tate & Lyle shares last traded at GBX 553, with a volume of 4,354,485 shares trading hands.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on TATE. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a GBX 595 price target on shares of Tate & Lyle in a report on Friday, June 26th. Berenberg Bank raised their price objective on shares of Tate & Lyle from GBX 464 to GBX 554 and gave the company a "hold" rating in a report on Wednesday, May 27th. Finally, UBS Group reiterated a "neutral" rating and set a GBX 375 target price on shares of Tate & Lyle in a research report on Monday, May 18th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Tate & Lyle presently has a consensus rating of "Hold" and an average target price of GBX 516.
Get Our Latest Analysis on Tate & Lyle
Tate & Lyle Stock Performance
The firm has a market capitalization of £2.45 billion, a P/E ratio of 25.48, a price-to-earnings-growth ratio of 1.37 and a beta of 0.35. The company has a 50-day moving average of GBX 556.94 and a 200-day moving average of GBX 452.94. The company has a current ratio of 2.71, a quick ratio of 1.77 and a debt-to-equity ratio of 80.98.
Tate & Lyle (LON:TATE - Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The company reported GBX 22 EPS for the quarter. The firm had revenue of GBX 200.60 billion for the quarter. Tate & Lyle had a return on equity of 6.17% and a net margin of 4.84%. On average, equities analysts anticipate that Tate & Lyle plc will post 51.3392857 earnings per share 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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