Tate & Lyle plc (LON:TATE - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 516.59 ($6.91) and traded as low as GBX 374.40 ($5.01). Tate & Lyle shares last traded at GBX 378.85 ($5.07), with a volume of 1,081,223 shares.
Analyst Ratings Changes
Several research firms have commented on TATE. Citigroup reduced their price objective on Tate & Lyle from GBX 670 to GBX 540 and set a "buy" rating on the stock in a report on Thursday, October 2nd. Berenberg Bank reduced their price objective on Tate & Lyle from GBX 620 to GBX 450 and set a "hold" rating on the stock in a report on Monday, October 13th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Tate & Lyle from GBX 800 to GBX 460 and set a "buy" rating on the stock in a report on Thursday, October 2nd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 483.33.
Get Our Latest Report on TATE
Tate & Lyle Price Performance
The stock has a fifty day moving average price of GBX 470.76 and a 200-day moving average price of GBX 516.59. The firm has a market capitalization of £1.68 billion, a PE ratio of 11.00, a P/E/G ratio of 1.37 and a beta of 0.50. The company has a debt-to-equity ratio of 47.66, a quick ratio of 1.77 and a current ratio of 3.22.
Insiders Place Their Bets
In related news, insider Steve Foots purchased 16,000 shares of the business's stock in a transaction dated Monday, October 6th. The shares were acquired at an average cost of GBX 370 per share, for a total transaction of £59,200. Also, insider Nick Hampton purchased 25,000 shares of the business's stock in a transaction dated Friday, October 3rd. The stock was bought at an average price of GBX 369 per share, for a total transaction of £92,250. Company insiders own 1.65% of the company's stock.
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.
Further Reading
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