Free Trial

Tate & Lyle (LON:TATE) Stock Price Passes Below 200 Day Moving Average - Time to Sell?

Tate & Lyle logo with Consumer Defensive background

Key Points

  • Tate & Lyle's stock price has dropped below its 200-day moving average for the first time, leading some analysts to suggest it may be a time to sell.
  • Analysts have recently lowered their price targets for the stock, with Citigroup setting a new target at GBX 540, while Berenberg Bank placed it even lower at GBX 450, contributing to a consensus rating of "Moderate Buy."
  • Insider buying is currently taking place, with top executives purchasing a total of 41,000 shares at prices around GBX 370 to GBX 369 per share, displaying confidence in the company despite recent stock performance.
  • Five stocks to consider instead of Tate & Lyle.

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

(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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Tate & Lyle Right Now?

Before you consider Tate & Lyle, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tate & Lyle wasn't on the list.

While Tate & Lyle currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.

Get This Free Report
Like this article? Share it with a colleague.