Tate & Lyle plc (LON:TATE – Get Rating)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 767.93 ($9.55) and traded as high as GBX 788 ($9.80). Tate & Lyle shares last traded at GBX 784.50 ($9.76), with a volume of 1,002,607 shares traded.
Wall Street Analyst Weigh In
TATE has been the topic of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 810 ($10.07) price target on shares of Tate & Lyle in a research note on Wednesday, May 17th. Numis Securities reaffirmed a “buy” rating and set a GBX 975 ($12.13) price target on shares of Tate & Lyle in a research note on Thursday. Barclays upped their price target on shares of Tate & Lyle from GBX 890 ($11.07) to GBX 970 ($12.06) and gave the stock an “overweight” rating in a research note on Monday, February 13th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 940 ($11.69) price objective on shares of Tate & Lyle in a research report on Thursday, February 9th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 909 ($11.31).
Tate & Lyle Price Performance
The company has a debt-to-equity ratio of 65.22, a quick ratio of 1.77 and a current ratio of 2.64. The firm’s 50-day moving average is GBX 797.98 and its 200 day moving average is GBX 768.27. The firm has a market capitalization of £3.21 billion, a PE ratio of 4,702.94, a price-to-earnings-growth ratio of 2.98 and a beta of 0.46.
Tate & Lyle Increases Dividend
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.
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