Tate & Lyle (LON:TATE) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Tate & Lyle plc (LON:TATE) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 436.36 and traded as high as GBX 556. Tate & Lyle shares last traded at GBX 554.50, with a volume of 1,395,635 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TATE. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 595 price objective on shares of Tate & Lyle in a report on Friday, June 26th. Berenberg Bank lifted their price target on Tate & Lyle from GBX 464 to GBX 554 and gave the company a “hold” rating in a research report on Wednesday, May 27th. Finally, UBS Group reissued a “neutral” rating and issued a GBX 375 price target on shares of Tate & Lyle in a report on Monday, May 18th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 516.

Tate & Lyle Trading Down 0.1%

The company has a quick ratio of 1.77, a current ratio of 2.71 and a debt-to-equity ratio of 80.98. The company’s 50-day moving average is GBX 546.78 and its 200 day moving average is GBX 437.19. The company has a market cap of £2.45 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.37 and a beta of 0.34.

Tate & Lyle (LON:TATE) last issued its quarterly earnings data on Thursday, May 21st. The company reported GBX 22 earnings per share for the quarter. Tate & Lyle had a net margin of 4.84% and a return on equity of 6.17%. The business had revenue of GBX 200.60 billion during the quarter. Research analysts predict that Tate & Lyle plc will post 51.3392857 EPS for the current year.

Tate & Lyle Company Profile

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.